In case you’ve missed what’s going on in the US
Fed’s Beige Book Reports Pickup in Recovery, Price Pressures: [www.bloomberg.com/news/articles/2021-06-02/fed-s-beige-book-reports-u-s-economy-expanded-at-moderate-pace](https://www.bloomberg.com/news/articles/2021-06-02/fed-s-beige-book-reports-u-s-economy-expanded-at-moderate-pace)
Global Food Prices Surge To Highes In Almost Two Decades According To The UN: [www.bloomberg.com/news/articles/2021-06-03/global-food-prices-surge-to-highest-in-almost-a-decade-un-says](https://www.bloomberg.com/news/articles/2021-06-03/global-food-prices-surge-to-highest-in-almost-a-decade-un-says)
[Citi US Inflation Surprise Index hitting an all-time high since its inception in 1998](https://preview.redd.it/qzpeon80t0371.jpg?width=782&format=pjpg&auto=webp&s=2359cc73c40d3b0d80be858b6c74ec67becf83a8)
[Government payments still make up 22% of US Personal Income](https://preview.redd.it/yoorg2ylt0371.jpg?width=936&format=pjpg&auto=webp&s=6148693c53fce07a35b5fe4ba040367a63f327eb)
Meanwhile, Powell and the Fed: Inflation is transitory, we’re not worried. 🧐
The Fed is apparently starting to sell some of its ETFs and corporate bonds accumulated during the stimulus ([https://www.wsj.com/articles/fed-plans-to-sell-13-7-billion-of-corporate-bonds-etfs-by-year-end-11622666400](https://www.wsj.com/articles/fed-plans-to-sell-13-7-billion-of-corporate-bonds-etfs-by-year-end-11622666400)), but when you look at the numbers you can tell that they are just trying to play the market. If I’m not mistaken, that’s only about $14 Billion! At the same time, they’ve pumped at least $750 Billion in the markets over the last 12+ months AND they are continuing to do so!
This may be a classic case of me falling prey to confirmation bias, but literally everywhere I look, inflation is only just starting! What do you guys think?
https://www.reddit.com/r/StockMarket/comments/nr9hst/in_case_youve_missed_whats_going_on_in_the_us/