If GDP Reaccelerates, The Fed Will Have To Tighten Until They Break Something

We will now have easing base effects in addition to higher prices pushing up headline inflation on a lag, notes Frances Newton Stacy. She discusses impact of China’s potential iPhone ban. She also talks about how if GDP reaccelerates, the Fed will have to be tightening until they break something that has systemic contagion. She goes over what to expect at the next Fed meeting. She suggests that at some point the markets will have to price in a drop off of this consumer. Tune in to find out more about the stock market today.