Warren Buffett: U.S. Inflation is Exploding

Berkshire Hathaway CEO and market oracle Warren Buffett Told CNBC today that U.S. inflation is “exploding” … such a statement from a credible source makes a great headline. Will it surpass the Fed decision (see our previous story from today on Fed rate decision and discussion of inflation) in it’s market influence? Hasn’t so far, but markets sometimes take a few days to digest data. Markets were rather tame after the Fed announcement today, since they’d priced in the Fed statement expectation rather accurately.