Benzinga’s Money Mitch had the opportunity to catch up with Great Hill Capital's chairman and managing member Thomas Hayes on Benzinga’s Stock Market Movers on Thursday. Hayes, who is routinely on Fox Business TV, Yahoo! Finance, Bloomberg and CNBC, was on to speak about the latest CPI data, which Hayes called a “trainwreck.”
Here’s The Insight: U.S. annual consumer prices jumped 9.1% in June, the largest increase in more than four decades. The Federal Reserve is slated to hike interest rates by an additional 75 basis points (0.75%) at the end of July.
