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SPDR S&P 500 ETF (ETF:SPY) - 'I'm Playing A Bit Of Defense': Experts React To 4.2% CPI Inflation

Share: The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 1.7% on Wednesday after the U.S. Consumer Price Index rose 4.2% in the month of April, its largest increase since September 2008. Aprilโ€™s inflation increase exceeded consensus economist estimates of 3.6%. Fed Not Alarmed: Federal Reserve vice chairman Richard Clarida said investors should expect inflation numbers to temporarily rise further in coming months as the U.S. recovers from the pandemic. However, Clarida said inflation sh...
Richard Clarida Chris Zaccarelli Whitney Tilson Nancy Davis Advisor Alliance Federal Reserve

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