US Inflation Rate Rises to Four-Decade High of 7% in December

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“The Fed sees inflation lasting till mid-2022 and that is probably when they will let the balance sheet decline,” Edward Moya, senior market analyst at The Americas OANDA said. “The path of inflation may drive quicker rate hikes and a sooner start to shrinking the balance sheet, and that could be bearish short-term for risk assets such as cryptos, but equities will likely feel more pain.”

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