
FED MEETING AHEAD – MORE AIR PUMPING INTO THE BUBBLE
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Fed Meeting
Please click here for a chart of the Consumer Price Index (CPI).
Note the following:
- The chart shows that inflation is rising.
- The Fed claims that inflation is transitory. The Fed does not define transitory, perhaps on purpose. Does transitory mean that prices that are rising now will pull back? Does transitory mean that prices that are rising fast now will continue to rise but at a slower rate?
- The stock and bond markets have bought lock, stock and barrel into the Fed’s claim.