Fed President Evans is the latest to double down on the “transitory” depiction of the mounting inflation problem facing the economy. CPI comes out Wednesday, and the Fed has three choices. Either “adjust” the data to the point where it’s not alarming; leave the alarming data alone, but jump in and save the markets; or, leave the data alone, but let the markets do what they may.For the past several weeks, we’ve seen constant support in the markets – with the latest maneuver being yet another “breakdown” in VIX… …sending futures up to a new all-time high. This marks the second H&S Pattern to be busted in the past month and the third in the last two months. When it comes to saving markets, the Fed really can’t seem to help themselves.
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