The Fed: stuck between an inflationary rock and a debt-ridden hard place

The U.S. central bank tries to tame persistent inflation without sacrificing the rampaging and uniquely fragile stock market.

Key Takeaways:

  • Options trading volume has reached the highest level in history, as more and more market participants pile in risk in exchange for outsized returns.
  • Although the CPI registered a lower reading in August than it did in July, inflationary pressures in housing, shipping, and retail show few signs of slowing down.
  • Gold slid down to $1,720/oz this week as the U.S. dollar rallied and bond yields jumped.
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