Inflation Doves Coming Home to Roost

(Length 00:40:54)

• Trade data uncovers what the CPI was hiding.
• Fed acknowledges the obvious; inflation is higher than 2%.
• Fed gives no indication of taper plans.
• Jerome Powell out-doves himself again.
• Paul Tudor Jones gets a gift from the Fed. JP Morgan does not believe inflation is mandatory.
• Economy has a collision course coming with reality.