13 June 2022

YES IT'S BAD

Reality Check

Opinion
John Authers

There's No Hiding From the Bad News This Time

Markets have few silver linings to focus on after a terrible inflation report

 

 

"As a rule, it’s good in these newsletters to challenge the conventional wisdom a little, and try to show that there’s something people are missing. That’s not going to be possible this time. The US consumer price inflation data, published Friday morning, were widely regarded as terrible. That is because they were. Not only were the headline numbers awful, but the data grew worse the more you looked. You can hear me and Lisa Abramowicz struggle to find something good to say about it . . .

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John Authers is a senior editor for markets and Bloomberg Opinion columnist. A former chief markets commentator and editor of the Lex column at the Financial Times, he is author of “The Fearful Rise of Markets.”

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