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Inflation might be creeping up but we're nowhere near the doomsday scenario of it getting out of control, still, with inflation ticking up a bit and the economy not screaming recession, The Fed should sit back. It can wait and see. There's no need to stimulate the economy or tighten rates.

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    I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones.
    A Albert Einstein
    B Joseph Stalin
    C Oppenheimer
    D Charles Dickens