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Strategas Chief Economist Don Rissmiller discusses the macro environment, hitting on recent inflation data, the weaker-than-expected jobs recovery, and where monetary policy goes from here. So far, the Fed has consistently stated they’re likely to view this data as transitory and not fight it. And if we dig into some of the components, it’s things that could be characterized as transitory: a big surge in used car prices, a spike in airfares. We probably need to see some shift in the composition before we get more worried.
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