Markets react to July CPI data, ‘taking back’ stock losses: Strategist

Yahoo Finance published this video item, entitled “Markets react to July CPI data, ‘taking back’ stock losses: Strategist” – below is their description.

#market #stock

SEI Chief Investment Officer Jim Smigiel joins Yahoo Finance Live to discuss market reactions to the latest economic data and Fed rate hikes, the inflation outlook, and how certain sectors are pricing in the economic environment.

Yahoo Finance YouTube Channel

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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