TOPICS AND TIMESTAMPS:
The Hangover 0:00
FED GETS READY 0:38
INFLATION SENSATION 7:05
NEXT BIG THING 12:07
$GPS INSIGHTS
#1 FED ACTIVELY PREPARING MARKETS FOR TAPER
#2 TAPER DOESN’T HAVE IMMEDIATE NEGATIVE IMPACT. REDUCES RISK TAKING.
#3 MORE INFLATION MEANS WE MUST TAKE ACTION STEPS NOW.
The Current Inflation Episode: Have We Met Our FAIT? - October 12, 2021 - Federal Reserve Bank of Atlanta
https://www.atlantafed.org/news/speeches/2021/10/12/bostic-the-current-inflation-episode
Atlanta Fed chief says US jobs slowdown should not derail taper timeline | Financial Times
https://www.ft.com/content/84743f7a-59ca-4451-882b-7b89fdae23d6
Fed's Bullard says bond purchases should be tapered quickly in case rate hikes are needed
https://www.cnbc.com/2021/10/12/feds-bullard-says-bond-purchases-should-be-tapered-quickly-in-case-rate-hikes-are-needed.html#:~:text=St.%20Louis%20Federal%20Reserve%20President,its%20monthly%20bond%2Dbuying%20program.
Fed policymakers hone in on November taper timeline | Reuters
https://www.reuters.com/article/usa-fed-clarida-idUSKBN2H21I4
Consumers' Inflation Expectations Remain Elevated for the Short- and Medium-Term - FEDERAL RESERVE BANK of NEW YORK
https://www.newyorkfed.org/newsevents/news/research/2021/20211012
IMF warns of need to be ‘very, very vigilant’ over rising inflation risks | Financial Times
https://www.ft.com/content/f73d584f-fb2a-4a2f-ab8a-fa759031fa59?emailId=61658688776f0d0004cf255d
Europe’s No. 1 Meat Processor Says Steaks Will Soon Be Champagne-Like Luxury - Bloomberg
https://www.bloomberg.com/news/articles/2021-10-12/europe-s-no-1-meat-processor-says-steaks-will-be-like-champagne
Gas prices hit $5 in Manhattan
https://www.fox5ny.com/news/gas-prices-hit-5-in-manhattan
Shipt is an underappreciated growth engine for Target's sales, analyst says
https://www.cnbc.com/2021/10/12/shipt-is-an-underappreciated-growth-engine-for-targets-sales-analyst-says.html
Hedge funds snap up uranium in bet on green energy shift | Financial Times
https://www.ft.com/content/e4a7c920-a5da-4c00-8994-d2bef944e81c
Sharp surge in energy prices threatens economic recovery and is already slowing growth
https://www.cnbc.com/2021/10/12/sharp-surge-in-energy-prices-threatens-economic-recovery-and-is-already-slowing-growth.html
Snow weather: Brits face November freeze as 'polar vortex collapse' to send temperatures PLUMMETING
https://www.the-sun.com/news/3831989/snow-uk-weather-britain-november-temperatures-cold/
Kompasu Typhoon Warning Closes China's Shenzhen Port, Hitting Supply Chains - Bloomberg
https://www.bloomberg.com/news/articles/2021-10-12/worst-ship-traffic-jam-since-august-outside-top-chinese-port
Premarket stocks: $80 oil is here. Is $100 next? - CNN
https://www.cnn.com/2021/10/12/investing/premarket-stocks-trading/index.html
'Desperate for tires.' Components shortage roils U.S. harvest | Reuters
https://www.reuters.com/world/the-great-reboot/desperate-tires-components-shortage-roils-us-harvest-2021-10-12/
