The consumer price index was up 8.6% year over year in May, exceeding forecasts and reaching another new 40-year high. Equity index futures slid on the news, as investors digest the reality that inflation has not peaked and the Federal Reserve has all the data it needs to support its hawkish monetary tightening plan. In this report, David Rosenberg, the founder, and president of Rosenberg Research assesses the data and provides his unique view on the state of the economy. To hear the full Real Vision interview with Rosenberg and Maggie Lake please visit our video channel under the same title “Inflation Is Hotter Than It’s Ever Been.” To get a free trial of David’s research and strategy products, go to RosenbergResearch.com.
