Prices Climb At Fastest Pace Since 1982… But It Could Have Been Worse

Assessment: It may have been the death knell for team transitory, with Chair Powell taking pains to retire the term in his recent testimony before Congress … Having surged faster than expected in 7 of the last 8 months, all eyes are on this morning’s Consumer Price Index as this is the last big release ahead of next Wednesday’s Federal Reserve decision, where Deutsche Bank economists (among many others) are expecting they’ll double the pace of tapering. Chair

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