Tudor Jones says bet heavily on every inflation trade… DIMON: JPMORGAN ‘Stockpiling’ Cash… Inflation fears reach fever pitch reach fever pitch

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Tudor Jones says bet heavily on every inflation trade…

 

  • Paul Tudor Jones said he would “go all in on the inflation trades” if the Federal Reserve is nonchalant this week regarding rising consumer prices.
  • “I’d probably buy commodities, buy crypto, buy gold,” the billionaire hedge fund manager said.
  • “If they course correct,” he continued, “then you’re going to get a taper tantrum.”
  • The Fed’s two-day policy meeting is scheduled to conclude Wednesday.


DIMON: JPMORGAN ‘Stockpiling’ Cash…

A banking industry titan believes inflation will be “more than transitory” in the U.S. economy.

Speaking Monday at a Morgan Stanley virtual conference (via CNBC and Bloomberg), JPMorgan Chase CEO Jamie Dimon says inflation could well be long-term

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“We have a lot of cash and capability and we’re going to be very patient, because I think you have a very good chance inflation will be more than transitory,” Dimon said.

 

Inflation fears reach fever pitch

  • Fears of inflation in the year ahead hit its highest level on record, according to a report by the Federal Reserve Bank of New York.
  • When inflation rises, savers may consider alternatives for stashing cash.

As the economy quickly picks up steam in the wake of the Covid pandemic, Americans expect inflation to jump in the months ahead.

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Overall, the expectation is that the inflation rate will be up to 4% one year from now — a new high for one-year-ahead inflation expectations — and at 3.6% three years from now, the highest level since August 2013, according to the Federal Reserve Bank of New York’s Survey of Consumer Expectations for May.

Fed Could Pencil In Earlier Rate Increase at Meeting…

Quarterly economic forecasts are likely to project significantly higher inflation and growth than Fed officials expected in March

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