Narratives drive markets and the narrative on inflation has really heated up in the last few weeks. Look at some of these headlines from the WSJ, NYT, USA Today, FT and CNBC!
What is the Fed telling these guys "off the record"? Fairly or not, the Federal Reserve and President Biden are being squarely blamed for this burst of inflation and the natives are getting restless.
Is the Fed foaming the runway?
We are expecting a strong Fed tightening cycle in 2022 in response to the strong inflation we've been writing about for the last few months.
Robert Lloyd, CFA®
Chief Investment Officer
Lloyds Intrepid Wealth Management
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