Bullard In A China Shop, Fed Calls Valentines Day Meeting, Stress Test Scenarios Released

The much anticipated CPI reading on Thursday brought concerns about inflation to a fever-pitch. Commentators seem very comfortable saying they feel the Fed is behind the curve on inflation and a Fed President came out shortly after the reading and seemed to confirm their prognoses. The yield curve has flattened substantially and the 2-yr is now around levels where the 10-yr started 2022. This is an extraordinary pace.

St. Louis Federal Reserve President Jeremy Bullard made splashes in market...

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