Consumer Prices Rise Most In 13 Years, Up 5% In May
__FORECASTS & TRENDS E\-LETTER__ by Gary D. Halbert Q1 2021 hedge fund letters, conferences and more June 15, 2021 IN THIS ISSUE: 1. US Inflation Highest in 13 Years As Prices Surge 5% 2. Fed Still Says Price Rise “Transitory” & Will Normalize 3. The Supreme Court Seriously Reins in the IRS – Good! OverviewWe’ll touch on several bases today. We begin with last week’s surprising report on inflation in May, which saw consumer prices rise the most in 13 years. For the year ended in May, the CPI surged at an annual rate of 5%, well above the pre-report consensus. As I’ve explained in recent weeks,...