Federal Reserve Meeting Next Week Likely to Result In Accelerate Taper Schedule

Inflation numbers came in very hot this morning. CPI rose at an annual rate of 6.8%, which was the highest level since 1982. Food, Energy and Shelter costs were all big drivers in this report which is concerning for obvious reasons. However, Energy prices, which rose 33%, have tempered a bit recently and Used Cars were still up about five times as much as food. Most seem to think this raises the likelihood of a more aggressive taper timeline being announced on December 15th, the next FOMC meeti...

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