Fed Policy at a Critical Juncture
Fed Policy at a Critical Juncture A Policy Misstep Likely Spells Trouble Despite the rise in the CPI to a 39 year high, as reported on Friday, the S&P 500 closed at a record high. At 6.8% Y/Y (+0.8% M/M), annual inflation rose at the fastest pace since 1982. Core inflation (ex-food and energy) rose […]