Hot inflation may have become scorching in May and is expected to hit a 28-year high

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Hot inflation became scorching in May and is expected to hit a 28-year high

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Inflation has been warming up this spring, and it's expected to hit historical levels for the month of May.

A customer wearing a protective mask loads lumber onto a cart at a Home Depot store in Pleasanton, California, on Monday, Feb. 22, 2021.May CPI is expected at 8:30 a.m. ET Thursday and comes as investors are debating whether the period of rising prices is transient, as the Fed believes, or more pervasive and persistent.

"Airfares, hotels and event admissions all registered big price increases and contributed to the spike in CPI inflation in April," they wrote in a report. "But these categories are merely recovering declines seen last year, and the Fed is unlikely to be swayed if their prices continue to accelerate. Rent, owners' equivalent rent and medical care services inflation are muted.

was lower than expected, but the pace of hiring is expected to pick up as September approaches when federal unemployment benefits run out and schools reopen, allowing parents to return to work.For the stock market, some inflation is good, especially for those companies that can meet rising costs with higher prices for goods. Inflation becomes negative when it gets too hot and erodes margins.

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It’ll be huge, but only transitory, prices should go back down 200% by next ir. In fact, if you exclude volatile items like food, gas, lumber, copper, cars, clothes, services, homes, taxes, tools, water, treasury money, IT services, inflation is well below expectations!

As if corporations needed an excuse to raise prices.

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So since the 90s? Oooooh so scaryyy

FED needs to stop at this point still trying to figure it out why are they keep doing it

If you remove the volatile items, like groceries, lumber, gasoline, home prices, construction, oil, copper, clothes and services, inflation should come in under control federalreserve USTreasury

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