The Fed Pivot Isn't Happening Any Time Soon

The Federal Reserve will not Pivot any time soon. After OPEC+ cut oil production by 2 million barrels per day today, higher energy inflation is all but guaranteed. This combined with the inflation that will come from Europe this winter due to their energy crisis and de-industrialization, the Fed will be far more worried about unanchored inflation expecations leading to a crack-up boom than they will be about the stock market.

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