By John Persinos
The British pound has plunged, currencies are in turmoil, and global equity markets are on a roller coaster. The new Tory government bears much of the blame and yes, it all affects your portfolio.
The multiple crises unfolding in Britain have a strong international dimension. In a minute, I'll explain the country's travails and what they mean for investors. But first, let's examine the big news in our country: the latest inflation data.
On Friday, the U.S. Bureau of Economic Analysis (BEA) released its August reading of the U.S. personal consumption expenditures price index (PCE), the Federal Reserve's preferred gauge of inflation.
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