If you keep up with the financial media, you probably saw a lot of commentary about how Wednesday's Consumer Price Index (CPI) report was "good," or at least "better than expected."
The new infrastructure bill has also been dominating headlines, and the media seems excited about that as well… But as usual, Fortune Research Head Trader Matt Warder will tell you, there's a key component the talking heads are missing.
While many are desperate to qualify the Federal Reserve''s "transitory" narrative, they persistently fail to recognize that the word "transitory" simply means "not permanent."
Of course, prices won't go up forever. That's not what the overarching concern is...
Rather, the concern has always been, "Where does price inflation stick?"
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