\n \t
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\n \t* Fed forced to admit that inflation will be higher and last longer than they predicted.
\n \t* June CPI numbers come in almost double Fed\u2019s expectations.
\n \t* Highest monthly CPI increase in 13 years.
\n \t* Stock indexes are not a hedge against inflation.
\n \t* Producer costs are rising faster than consumer prices.
\n \t* Consumer prices are rising faster than wages.
\n \t* No signs that inflation is transitory in the oil market.
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