RE:US CPI numbers send markets downFED mistake was last year when they thought inflation was "transitory". They should have started hiking which would have doused the fire. Instead, they paused which effectively threw fuel to the flames. Now a bonfire rages. A Volker moment would end it but we are not there yet. They will take a few stabs first with 3/4 bps, maybe a full point. It could still work, but the prospects of a year end rally is beginning to fade.
mouserman wrote: So , as we suspected jacking interest rates is not slowing inflation much, if at all. When the CAUSE of inflation is not low interest rates, BUT CREATION of tens of trillions of $$$ worldwide, increasing interest rates is ineffective. More fiat money created out of thin air, now chasing the same goods and services is the problem.
Not sure where to hide when the fear jumps into the markets.