Have you ever seen a hot-pepper eating contest? Sometimes it seems like the Fed is trying to win the "hot-pepper" award for eating the most inflation reports without flinching.
The real problems for the Fed will come if this higher inflation becomes more than "transitory". The medicine to stop that kind of indigestion will be extremely painful. Like eating a Giant Reaper painful.
New inflation readings due tomorrow morning. Brace yourselves.
For fun, here is the Giant Reaper video (I shudder to watch): https://www.youtube.com/watch?v=fC0sMIue5qk.
Robert Lloyd, CFA®
Chief Investment Officer
Lloyds Intrepid Wealth Management
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