What the Highest Inflation in 4 Decades Means for Markets

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Markets have been nervous since final week’s FOMC assembly minutes revealed the Fed was contemplating early “balance sheet normalization” or quantitative tightening. At yesterday’s affirmation hearings, Fed Chair Jerome Powell tried to melt the Fed’s stance on QT, saying nothing had been determined. Today, December inflation numbers got here in at a 39-year excessive of seven%. Find out why markets are rebounding in the wake of the information.