Wall Street is missing the point
CNN
Liz Ann Sonders, the chief investment strategist at Charles Schwab, is bracing herself.
Economic data arriving Thursday is expected to show that, despite long-gone hopes that inflation in the United States would prove transitory, it still hasn't peaked. Economists polled by Refinitiv predict that consumer prices rose 7.3% year-over-year in January, up from 7% in December.
More Related News
Prosecutors seek 15 years in prison for former New Jersey Sen. Bob Menendez after bribery conviction
Prosecutors say former US Sen. Bob Menendez should be imprisoned for 15 years, after the Democrat from New Jersey became the first to be convicted of abusing a Senate committee leadership position and the first public official to be convicted of serving as a foreign agent.