Daily Market Commentary

October 13, 2021

Bonds & Stocks
Technology companies climbed as a faster-than-expected surge in inflation lifted companies best able to handle those price pressures.

Economy
The consumer price index increased 0.4% from August, according to Labor Department data released Wednesday. Compared with a year ago, the CPI rose 5.4%, matching the largest annual gain since 2008.

World
Federal Reserve Bank of Atlanta President Raphael Bostic said this year's inflation surge is lasting longer than policymakers expected, so it's not appropriate to refer to such price increases as transitory.

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