Inflation Nation: Pressure Builds, Underwater Beach Ball
Last week’s excessive CPI print marked the top of the S&P 500 for the week. As the market continues to digest the data, where is the breaking point for inflation and interest rates? [soros] Q2 2021 hedge fund letters, conferences and more Did you watch Fed Chair Powell testify in front of the Senate and House last week? It seemed to be like watching certain angry congresspeople calling for interest rates to be kept lower for longer. Do they want hyperinflation? Other groups of Senators reflected on what the inflationary environment was like in the early 1980s. As Chair Powell testified, bonds ...