The Fed's Tough Job

I think what we will get is probably a little something for everyone in the CPI report. But nothing that is going to dissuade the Fed from its current path. Particularly as I think some of it will be driven by the strength we saw in the first quarter, and by 700 billion that the Fed spent untaxed and unborrowed. The question is: Is the Fed okay with where stocks are? And I think they are.