The Federal Reserve’s plan on tapering its accommodative monetary policy to “rate normalization” in 2022 and beyond is highly unlikely.
TraderStef on Operation Freedom – Live Radio w/Dr. Dave Janda on WAAM 1600AM Talk Radio, Jan. 2, 2022.
Turks are turning to cheap government-issued bread, and potatoes and onions have become popular to meet basic needs and avoid starvation.
Another variable to consider is that high inflation is blunting overall sales and the reported data is skewed higher due to inflation.