Key inflation indicator posts biggest year-over-year gain in nearly three decades
CNBC: A key inflation indicator that the Federal Reserve uses to set policy rose 3.4% in May, the fastest increase since the early 1990s, the Commerce Department reported Friday.
Though the gain was the biggest since April 1992, it met the Dow Jones estimate and markets reacted little to the news. Stock market futures indicated a rise of about 150 points for the Dow at the open, while government bond yields were mostly flat.
” … So I looked, and behold, a black horse, and he who sat on it had a pair of scales in his hand.” Rev. 6:5