MarketWatch: The inflation genie is out of the bottle’ as consumer sentiment takes a hit and Californians pay $12 for a regular burrito

MarketWatch: `The inflation genie is out of the bottle’ as consumer sentiment takes a hit and Californians pay $12 for a regular burrito. “The highest annual U.S. inflation rate in almost 31 years reverberated across financial markets and in the minds of Americans this week, damaging consumer sentiment, leaving many traders flummoxed, and causing one financial firm to warn that the proverbial ‘genie is out of the bottle.'”

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