Nowhere near what it was in the mid 80’s, 19% rising to early 20’s , nothing to worry about !

But its clear we are still on

yeah but we are still a long way from tapering they said

nice

Except in the 80's we didnt shut down the world economy.... Different time, different causes and effects. Inflation is here to stay well into 2028 on all commodities. You could even say the 80's was a high, we went into a low and now we are coming back to make a new high or lower high.

Not a snowballs chance in hell they will taper anytime soon.
A quote from zerohedge last night.
"After the first CPI miss since February earlier today, it was full speed ahead and nowhere was it more obvious than in the just concluded sale of $41 billion in 10Y paper which may have been the strongest 10Y auction in years, if not history"
The bond market is taking yields LOWER.

If Fed were to raise rates all that would accomplish is to quash consumer demand.
Which in turn would quash producer production aspirations.
These price hikes are supply problems which the Fed has no control over using monetary policy.

They will likely stick with the transitory narrative keeping fingers crossed that things will work out.
There really is no slack coming out of producers which can temper price.

ie: White House coming out with call for higher oil production in attempt to damper commodity costs.

add: Yes Fed could raise rates, get back to a sound currency and after a time period of much social upheaval the economy will recover. Personally they do not have the cahoonas to do that.

hmmmm FED and Tapering, nice...... but How about Mr. V ....? Lockdown? And etc..... pre-pare long for #BTC

ride on

I'm waiting.
Nice.

What will happend to dollar when fed start to tapering ?

USD### will uptrend, ###USD will downtrend

USD will getting stronger try to retest Resistan on 93,379.

The Fed is failing miserably at achieving its primary historical objective which is to promote price stability via prudent monetary policy. Reducing unemployment was not part of its "dual" mandate until 1977, which is ironically roughly coincidental in its timing with abolishing the gold standard, paving the way for infinite printing of the fiat currency: https://www.richmondfed.org/publications/research/economic_brief/2011/eb_11-12

Isn't it so convenient for the Fed to say "We are not yet at the pre-pandemic employment levels", to justify its Zimbabwian monetary policy? The truth is that flooding the economy with printed money isn't going to result in any significant employment situation improvement beyond a certain point, and that point was reached a while back. The interest rate was at 1.5% prior to throwing caution to the wind, while the (official) unemployment rate stood below 4%.