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First Trust SMID Cap Rising Dividend Achievers ETF
Consumer price inflation continued to run hot in January. CPI increased a stronger-than-expected 0.6% during the month, boosting y-o-y inflation to a 40-year high 7.5%.
No one believes the FOMC has the stomach to pull a Volcker. Larry Summers today called for the Fed to immediately hold a special meeting and conclude QE a month early.
Inflation is a global phenomenon outside the Fed’s Control. The Fed sits back and monitors supply chain issues like the rest of us.