Inflation hits a four-decade high making for a wild ride on Wall Street today. The Consumer Price Index report for May shows prices have risen eight-point-six percent over the last year, the highest jump since 1981. University of Central Florida economist Sean Snaith blames bad COVID closure policies for the spike. He believes we are currently in a recession and will be until at least the middle of 2023. The good news, this will slow down demand so the supply chain can catch up and help fill the 9-million open jobs.

Source: New York Times June 10, 2022 21:23 UTC