First published by Money Metals Exchange here: https://www.moneymetals.com/news/2022/06/13/inflation-goes-from-bad-to-worse-to-even-worse-than-reported-002544

Friday’s Consumer Price Index Report sent shockwaves through financial markets. The 8.6% annual reading was yet another new multi-decade high – dealing a body blow to analysts who believed inflation pressures had peaked. Investors now fear the Federal Reserve will have to undertake more aggressive tightening actions. Both bonds and stocks tumbled into the close of trading last week.