Inflation hits its highest level in 40 years

<p>Prices have gone up 7% in one year, which is the highest reading for the Consumer Price Index since 1982. That&#8217;s the backdrop for our markets discussion with Jeffrey Cleveland of Payden &amp; Rygel. We check in on China, which has suspended dozens of flights coming from the U.S. because of COVID issues. The number might not sound high, but the impact on airlines and visitors from the U.S. is significant. With bigger banks doing away with overdraft fees, smaller community banks are analyzing if they can afford to do the same.</p>