This morning’s news that the U.S. Consumer Price Index (CPI) grew 1.3% month-over-month and 9.1% year-over-year in June set off a firestorm of commentary across Twitter
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, with many prominent thought leaders berating President Joe Biden’s handling of the economy and others rushing to the White House’s defense and downplaying the severity of the numbers.
The Bad News: Mark Tepper, CEO of Strategic Wealth Partners, took a minimalist approach to the economic news, tweeting: “CPI = OUCH.”
Matt Kohrs, YouTube-based financial commentator, included three red balloon emojis in his tweet that said, “Happy Inflation Day (And a special hello to everyone who has to read this through a burner account).”
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