The latest CPI data shows inflation hit another record high in May. The inflation report sent stocks plunging across the board. Apart from the Dow Jones (DJIA), S&P 500 (SPX), and Nasdaq 100 (NDX) plummeting, Bitcoin (BTC) also tumbled. In this video, we discuss the worse-than-expected inflation data, what you can expect to spend more on over the next several months, and what you can expect the Fed to do as it attempts to curb inflation.
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