US Gov't and the Fed knows INFLATION ARE OUT OF CONTROLIt's back to the late 70s and 80s again ... US going to be facing double digits inflation all over again in 2022-2023.
The FED sees Rampant inflation all over the place.. inflation in wages, inflation in oil prices, inflation in food prices , inflation in housing, inflation in crypto, inflation in manufacturing, and so on.,, To make things worst, your #1 supplier China ... now got delta covid all over the country. Which means inflation will skyrocket when China do their massive lockdown again. If China doesn't do lockdown,, the Communist Party are finished. The question now is when China going to do another lockdown ?? Is it week or month from now .............. You know is coming
Let's look at the Corporate earnings from some of the biggest US companies ... they all sheet down, either missed revenue or earnings ... some missed both.
eg. Facebook missed ... Apple missed ... Amazon missed ... and many many more...
THE FED also tracking how well Wall St are doing .......... US economy in a shamble .. plagued with Covid and Rising Inflation ............. Corporate earnings are in a shamble
Now you understand why the Fed is in no hurry to rasie interest rates until the 2nd half of 2022.
The Fed is all talks ... they won't do much next year.
It's very unlikely Covid will all go away by the 1st half of 2022.. and if you throw in 2022 MID TERM US ELECTION TAKING PLACE IN NOVEMBER
The Fed going to be very careful not to rock the boat... just take a look at all the US MID TERM ELECTION ..... The US Stock Market always do extremely well that year.
Which means 2022 going to be another solid year for the US Stock Market.... heading into 2022 US Mid Term Election
BITCOIN HEADING TO $200,000-$400,000
GALAXY HEADING TO $300.00-$500.00