Inflation for the last year was a mere 1.4%, so pundits are already calling for more money printing. The muppets and sheeple are told that “Past results do guarantee future returns,” and I hope the Fed governors heed this advice. For most of the last year, we witnessed steadily falling hydrocarbon prices capping inflationary pressures. We have just entered a phase of rising oil & gas prices that when combined with the inflationary impact of the drought on food prices will raise inflation rates in the future.
Of course, what really counts is the stock market. If the stock market begins slipping, the Fed will begin throwing fuel on the fire. The consumer be damned.