The Data Doesn't Lie: Trumpflation Is Becoming More Entrenched, Which Is Bad News for the Fed and Wall Street
The Iran war isn't just an energy supply issue any longer.
Overview
Since early June, the timeless Dow Jones Industrial Average (DJINDICES: ^DJI), benchmark S&P 500 (SNPINDEX: ^GSPC), and growth-stock-dominated Nasdaq Composite (NASDAQINDEX: ^IXIC) have blasted to new highs. But this stock market outperformance, which has been commonplace under President Donald Trump, likely can't sweep inflationary concerns under the rug indefinitely.
New data indicate that Trumpflation (i.e., inflation directly driven by Trump's policies) is evolving -- and that's terrible news for the stock market and Federal Reserve policymakers aiming to stabilize prices.
President Trump's policies are doing a number on inflation. Image source: Official White House Photo by Daniel Torok.
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Originally published at www.fool.com.