Fed Hikes Inflation Outlook By 1%

The Fed’s posture of extreme monetary stimulus synchronized with profligate fiscal support raised inflation fears. A step back from that has moderated such concerns. It may be that rates and energy will adopt more of a yin and yang relationship, although in our view both are likely to be higher a year from now.

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Disclosure: We are invested in all the components of the American Energy Independence Index via the ETF that ...

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