US CPI numbers send markets downSo , as we suspected jacking interest rates is not slowing inflation much, if at all. When the CAUSE of inflation is not low interest rates, BUT CREATION of tens of trillions of $$$ worldwide, increasing interest rates is ineffective. More fiat money created out of thin air, now chasing the same goods and services is the problem.
Not sure where to hide when the fear jumps into the markets.