Has Inflation Peaked Yet? It's Complicated, but Here's What We Know
Investors are starting to believe that inflation, which has been at a 40-year high this year, may finally be starting to peak. This would be good for the market because a hawkish Federal Reserve has been aggressively raising its benchmark overnight lending rate, the federal funds rate, in an attempt quickly get control of the situation. Fresh data for the Consumer Price Index (CPI), which tracks prices on a range of daily consumer goods and services, showed that the index rose 8.5% on a year-over-year basis in July.
