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Earlier Thursday, new data from the Labor Department showed that a reading of U.S. consumer inflation excluding volatile energy and food prices accelerated to a new four-decade high. The so-called core measure of the consumer-price index gained 6.6% in September from a year earlier, the biggest increase since August 1982.<\/p>\n\n\n\n
The overall consumer-price index, meanwhile, increased 8.2% in September from the same month a year ago, down from 8.3% in August and 9.1% in June.<\/p>\n\n\n\n
That move lower could be welcome news for investors looking to justify buying back into a stock market that is trading much more cheaply than in the recent past.<\/p>\n\n\n\n
\u201cThe fact that you\u2019re seeing some peaking out in inflation to where maybe we just don\u2019t have to fight the Fed so much, people will feel comfortable buying in at these levels,\u201d said Dan Genter, chief executive and chief investment officer at Genter Capital Management.<\/strong><\/p>\n\n\n\n Investors have debated whether signs of stress creeping into some markets might cause the Fed to slow its pace of interest-rate increases. Volatility in U.K. government-bond markets, following government plans for large,\u00a0debt-funded tax cuts<\/a>, has sparked margin calls for\u00a0pension funds<\/a>\u00a0and\u00a0rippled into<\/a>\u00a0U.S. junk-debt markets.\u00a0<\/p>\n\n\n\n <\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" Quoted from The Wall Street Journal: Oct. 13, 2022 Earlier Thursday, new data from the Labor Department showed that a reading of U.S. consumer inflation excluding volatile energy and food prices accelerated to a new four-decade high. The so-called core measure of the consumer-price index gained 6.6% in September from a year earlier, the biggest …<\/p>\nClick Here To View The Full Article<\/a><\/h3>\n\n\n\n