Inflation came in at 8.3% year over year
For the first time in eight months, the year-over-year rate of inflation did not increase in April. In March, headline inflation hit 8.5% while last month that number came down slightly to 8.3%. Still, inflation was above economists’ expectations, and it seems no one is ready to say for sure we’re headed back down to a more reasonable level. In this episode, NLW explores the market’s reaction and why, increasingly, the fear isn’t more inflation but a recession caused by the Federal Reserve’s response.