Market experts react to higher than expected CPI report: 'The Fed is losing its inflation fight'
Market experts on Twitter reacted to the "troubling" news that the inflation rate was higher than predicted Thursday. The Department of Labor released its consumer price index (CPI) report for the month of September and at 8.2% year over year, the price increase was 0.4% higher than it was last month.The American middle class is feeling the pain caused by their reduced purchasing power. Peter Schiff, CEO of Euro Pacific Capital Inc., contended that as bad as the CPI reports have been in recent months, it does not represent the true severity of inflation. "Another hotter than expected #CPI surprised investors. Sept.