Economists not only ones caught off-guard by hotter-than-expected inflation reading: Day earlier, investors were piling into world’s biggest tech ETF.
"What tech investors want is visibility into a calm economic environment," Goldman Sachs managing director Eric Sheridan told Yahoo Finance Live.
"...it certainly doesn't feel like there's a consumer recession happening right now." - Expedia CEO Peter Kern
Gundlach of DoubleLine Capital worried Fed will choke off economic growth raising interest rates too fast. Larry Summers says Fed needs hike faster.