Inflation Hysteria Will Fade Fast

The Fed is all about expectations and in their desire to avoid hawkish policy, they painted themselves into a hawkish corner by failing to property engage in smoke and mirrors. The CCP does a much better job in China. They suddenly announce they're weakening the yuan when dollar pressure builds up and they can't prop it up any longer. The Fed could do a bunch of mumbo jumbo and wait for inflation to come down naturally, but instead they talk talk talk and made the public think they won't get inflation down with Powell's dovish press conference in November. Or maybe President Biden really let Jay have it. Who knows. All I know is I'm betting on deflation for awhile.

Alhambra: FOMC’s Taper Preview: Inflation Fairy