Prediction: Today's Inflation Report Will Contain a Much-Needed Silver Lining, but Also Highlight Something Sinister
An expected decline in headline inflation for June doesn't tell the full story.
Overview
Forget earnings season! Arguably, the most important economic release of the month, the June inflation report, is just hours from being published (July 14, 08:30 a.m. ET), and it can have significant ramifications for the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC).
The June inflation report is expected to contain a much-anticipated silver lining for consumers and investors -- but this only tells half the story. More than likely, it'll highlight something sinister and undeniably problematic for a historically pricey stock market.
Fed Chair Kevin Warsh is overseeing a challenging inflationary environment. Image source: Official White House Photo by Daniel Torok.
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Source
Originally published at www.fool.com.