Wednesday, January 18, 2017 10:50:16 AM
According to the gov. numbers inflation was 2.1% in 2016, 2% inflation is supposedly where the Fed wants inflation to be, so we are already there according to the Fed's numbers.
Inflation is moving higher and should continue to do so, the stats are showing it. Trump's economic policies will add to that inflation and the Fed knows that, but their problem is they can't be too aggressive with the rate hikes or they'll crash the stock or bond markets. If they raise too slowly then inflation will rise too quickly and get out of control.
What happens next is going to be very interesting.
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