The only fight the Fed can fight is transitory inflation right now, says Marko Papic, Clocktower Group Partner & Chief Strategist. He says that, “copper should have crashed but it hasn’t, telling you something else is driving it.” Papic continues to tell our Daniela Cambone that the global economy is not ready for rate hikes and investors are betting the Fed will adjust their taper timeline. Inflation with little growth is negative for stocks, not just inflation alone, he concludes.
#inflation #federalreserve #stocks
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