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| By Mahdis Marzooghian |
This week was chock-full of economic data.
One of the most important pieces of data was the latest Consumer Price Index and Producer Price Index inflation data.
The CPI inflation was 0.6% in August and 3.7% over the past year. Both rates were a step up from recent inflation reports, with the main factor behind the jump being last month’s spike in the price of gasoline.
Meanwhile, the PPI wholesale inflation rose 0.7%, which was hotter than expected. However, the core prices were still in check.
The bottom line is that inflation is still running hot, and these results really shouldn’t be all that surprising to anyone.
U.S. consumers know the deal — we’re the ones buying the overpriced groceries and pumping our cars full of gas, with prices that seem to be rising by the minute. A lot of the talking heads seem to insist on a cooling economy, but no matter what they say, it’s going to take time for this hot economy to cool down.
Meanwhile, corporate profits are near record highs, consumer spending is still stronger than ever and the opportunities for investors are plenty.
Speaking of which, our experts have a handful of research, ideas and investment opportunities to share with you this week. Take a look …
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Power Up with This Newly Upgraded Stock
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Until next time,
Mahdis Marzooghian
Managing Editor
Weiss Ratings Daily
