XJO 0.76% 7,403.7 s&p/asx 200

But there's this from Market Herald: "Economists pointed to...

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    But there's this from Market Herald:

    "Economists pointed to outliers skewing the result. A 7 per cent jump in used car costs reportedly accounted for around a third of the increase. Some economists said the jump was exaggerated by the impact of Covid disruptions on the base month last year. The yield on ten-year US treasuries fell more than four basis points to 1.445 per cent, a sign bond traders expect inflationary pressures to ease."

    Of course, media narratives change to fit price action.
 
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