Inflation Spikes Again
The Consumer Price Index (CPI) released on January 12 indicated that prices rose 7% in December when compared to the same period 12 months ago (https://www.cnbc.com/2022/01/12/cpi-december-2021-.html). This is fastest growth since 1982. This will cause concern with Fed officials who will be meeting at the end of January to decide whether they need to raise rates. The Fed is in a tight spot. Raise interest rates and slow down the economy or keep printing money and destroy the dollar.
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