ICYMI What investors can do instead of betting on central banks to stop hiking rates
For example, the cost of groceries in the past year has risen by 10.8 per cent, the fastest increase since 1981. And core CPI, a key benchmark central bankers watch because it measures the typical person’s cost of living, hasn’t reacted much to the flurry of rate hikes so far.
Core CPI in the U.S. is even worse, accelerating to 6.3 per cent in August of 2022, the highest since March, from 5.9 per cent the previous month and above market forecasts of 6.1 per cent. Unless these job openings normalize, or the price of consumer goods fall, it will just be a matter of time before employees demand significant raises to compensate for the huge cost-of-living increases they’ve been experiencing.Article content
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