Siegel on Inflation, the Fed and Meme Stocks
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Is the Fed Continuing to Tighten, but at a Less Aggressive Tempo?
I see inflation as peking in the real world, although will remain high in the statistics yet. The money supply has shrunk since march, which is almost an unprecedented occurrence. I don't think they should go more than an extra hundred basis points through the end of the year. Does not mean that we will not see rising prices in the consumer price index due to the way it's constructed.
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