Inflation Accelerates its Rise Up in April as Consumer Prices Leap 4.2%, Fastest Since 2008

ETF Research & Analytics Team

ETF Research & Analytics | A function of the ETF corporate think tank.

Inflation Accelerates its Rise Up in April as Consumer Prices Leap 4.2%, Fastest Since 2008

Officials at the Federal Reserve attempted to downplay the negative inflation news earlier this morning trying to induce a sense of stability “claiming it’s temporary” while market sentiment concerns are on the rise. The U.S. ETF notes this economic upset as a milestone with no precedent.

​“This could mark the beginning of a turbulent economic outlook through 2021” David Spacey, CEO of the U.S. ETF said in a statement today. “What could transpire to make the situation more complicated?” He added, ”Accompanied with executive skeptics across different Industries and their reluctance to increase wages, add to that the grim reality and forecast of unemployment and lack of enthusiasm of labor to get back into the grind, we are watching, and are very carefully dissecting all developing trends as to be part of the solution.” He added.
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Early last year and coinciding with reactionary monetary and fiscal policies, The U.S. ETF (The Economic Transition Foundation) has warned against such concerning ramifications as a result of the artificial and systematic economic shutdowns that took place since early last year.