Dollar, Dow Gain - Despite Negative News |
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The consumer price index came in at 0.8% today, rising at the fastest pace in 17 years. Analysts had been forecasting an increase of 0.4%. The largest increase came in food and energy, with the core CPI (which excludes those elements) posting an increase of 0.3%, compared to estimates of 0.2% In addition, existing home sales fell by 16%, with the median price dropping by 7.6%, falling to a 10-year low. Worse still, forecasters are saying there is room for further drops, as
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