FOMC Surprise Takeaways

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The Fed didn‘t play ostrich on inflation, but didn‘t take action either. While acknowledging that 2021 inflation would come at 3.4%, the Fed hinted at 2 rate hikes before 2023 is over – and didn‘t mention taper at all. Q1 2021 hedge fund letters, conferences and more Fed Plans Two Rate Hikes In Two YearsIt‘s though by no means guaranteed that 2021 inflation would come in at this or lower level. Far from it, but Fed‘s yesterday posturing might be a self fulfilling prophecy in one aspect, and that is commodity prices fanning the inflation flames – thus far though, $CRB doesn‘t confirm that, whic…

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