Inflation Doves Coming Home to Roost – Ep 703

  • Trade data uncovers what the CPI was hiding.
  • Fed acknowledges the obvious; inflation is higher than 2%.
  • Fed gives no indication of taper plans.
  • Jerome Powell out-doves himself again.
  • Paul Tudor Jones gets a gift from the Fed.
  • JP Morgan does not believe inflation is mandatory.
  • Economy has a collision course coming with reality.

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