All posts are my personal opinion
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There's A Big Disagreement Between Wall Street And The Fed — And It Will Be The Story Of The Summer
Here's what's on Wall Street's mind right now: Inflation is finally happening, and the Fed will end up being behind the curve. The events of the past week crystallized that above thought in the mind of economists and investors. To step back, there were two big moments this week. 1) There was the jump in Core CPI that was the biggest since 2009. 2) And then there was the Janet Yellen press conference, in which she said that the CPI jump could be just "noise" and that the recent drop in the unemployment rate was not actually reflective of the true state of the labor market (which she regards as considerably weaker due ... (full story)
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