There’s no need to be caught offsides when CPI is announced on Wednesday. If you’ve been following the Fed, you know their rear-view mirror forecasts are virtually always behind where investors should be positioned.
In this clip from The Macro Show, Hedgeye CEO Keith McCullough explains why the Fed will likely – and finally – acknowledge rising inflation—just as Hedgeye’s forecast signals short-term slowing.
“The number is going to color the lenses of ‘Macro Tourists,’” McCullough says. “But starting tomorrow, we’re going to go the other way on bond yields, on currencies, and on anything else that signals we should go the other way, we will.”
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