Bonds & Stocks Tumble As Core CPI Surges By Most Since October 2008

Posted by ZeroHedge

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Following last month’s inflation ‘jolt’ to the marketplace, Core CPI increased 2.3% YoY in Feb – the biggest jump since October 2008 (led by the biggest monthly surge in apparel prices since 2009). Bond & Stock markets are dropping in the news as it corners The Fed further into a hawkish stance, despite the recessionary warning signals screaming from the manufacturing (and increasingly Services) sector.

The Core CPI print has not been higher since October 2008…

….read more HERE

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