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Three Stocks For Elevated Inflation and Volatility

"I like to compare the Fed's problem to the challenge of adjusting the shower in an old hotel, where there's a lag of 20 to 30 seconds between the time you turn the faucet and the time the water temperature changes. It's very hard to avoid scalding yourself or freezing yourself." - Larry Summers

This morning’s Core Personal Consumption Expenditures (PCE), the Fed’s preferred inflation gauge, came in 0.2% lower than last month. However, it is still at levels not seen since Paul Volcker walked ...

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