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US Economic Outlook: Inflation, Growth and the Fed

Headline inflation is at a decade high rate of increase, and core inflation of 4.0% is higher than it’s been in over 25 years. But the economy is well on the road to recovery, and GDP growth is back to where it was pre-crisis. While we expect the Fed to taper in November, we thing investors focus should be more on when the Fed ends quantitative easing rather then when they start tapering.
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