The CPI report shows a new jump in inflation

The CPI report is the subject of our Chart of the Week. Pundits are screaming Weimer Republic hyperinflation. But the bond market rallied doing the opposite to what might be expected. This week brings us the FOMC. Interest rates will be unchanged...

The CPI report shows a new jump in inflation
The CPI report is the subject of our Chart of the Week. Pundits are screaming Weimer Republic hyperinflation. But the bond market rallied doing the opposite to what might be expected. This week brings us the FOMC. Interest rates will be unchanged and the market will hanging waiting to hear the Fed on inflation and tapering. Oh yes tapering. So why is the Fed still doing record reverse repos?