Wharton Professor of Finance Jeremy Siegel has been pounding the table on inflation over the past few months, urging the Fed to abandon lagging indicators. That didn't stop Tuesday when he called the inflation print
The SPDR S&P 500 (NYSE: SPY) is moving higher Tuesday morning after the Labor Department reported a 7.1% year-over-year increase in the consumer price index for November.
Even if inflation has peaked, it's still well above pre-Covid levels and one economist is warning that it could remain elevated for a lot longer than most are hoping.
The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower Friday after the U.S. Labor Department reported a 7.4% increase in the producer price index in the month of November, outpacing economist expectations.