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EconMatters's picture

The fact that the Core Inflation Rate in the US could stay above 2% for an entire year, and in the 2.3% range despite a strong dollar putting pressure on inflation for an entire year should tell the Federal Reserve something, namely they need to play catch up in raising interest rates.

EconMatters's picture

We check out the API Report leading into the EIA Oil Report Tomorrow, and it appears we will set a new Oil Inventory Record Tomorrow Morning. So much for those OPEC cuts; I would hate to experience where Oil Inventories would be without those vaunted OPEC Production Cuts!