Inflation fears prove transitory

When you're right, but still wrong. All about the timing... 😐

It was less Whiplash Wednesday, more Turnaround Thursday.

Either way, those inflation fears have subsided for now & the S&P rallied over 1% yesterday with every sector except energy notching gains...

Both Waller & Bostic have commented that they expect these price pressures to persist for a few months yet and Waller added the visual element by saying that he does not want to move too fast "chasing inflationary ghosts"...

He added that the Fed will not raise rates until they see inflation above target for a long

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Tim Vollans

• Spain

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