CPI June 2022 Data Assures An Upcoming 75 BPS Rate Hike

<p>Consumer Price Index or CPI data came in higher than expected. "The CPI month-over-month number bothers me as it needs to stabilize. This data assures a 75 BPS rate hike for the next meeting. The average equity investor does not realize that stocks look for a reason to go down and when they don't find it, they go up," says Bob Iaccino.</p><p><br></p>