##  [# Hot Reads: Fed Expects Inflation Through 2021](/sections/daily-hot-reads/hot-reads-fed-expects-inflation-through-2021) 

 

# Hot Reads: Fed Expects Inflation Through 2021

 

 

Plus, Cathie Wood buys the dip on DraftKings.



 

 

 

 

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[By ETF.com Staff](/contributors/etfcom-staff)

 Jun 17, 2021

 Edited by: ETF.com Staff

 

 

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*Compiled by ETF.com Staff*

[**Inflation To Keep On Through 2021**](https://www.capitalspectator.com/the-recent-inflation-surge-still-appears-to-be-peaking/) (The Capital Spectator)  
 The top Federal Reserve Committee expects core inflation at 3% through the year.

[**Ark Buys $42M In Draftkings Stock**](https://markets.businessinsider.com/news/stocks/cathie-wood-ark-invest-buys-dip-draftkings-stock-short-report-2021-6-1030528428) (Business Insider)  
[**ARKK**](https://www.etf.com/ARKK) and [**ARKW**](https://www.etf.com/ARKW) add after a short seller accused a partner firm of the sports gambling company of “black market operations.”

[**Stocks Fall In Response To Fed Rates Signal**](https://finance.yahoo.com/news/stock-market-news-live-updates-june-16-2021-221336682.html) (Yahoo Finance)  
 The Dow dropped as far as 1% after the Fed signaled faster rate hikes.

[**Moody’s Upgrades Investment Industry Outlook**](https://www.institutionalinvestor.com/article/b1s9j16wz8fx9s/The-Outlook-for-Asset-Managers-Is-No-Longer-Negative-Moody-s-Says) (Institutional Investor)  
 The ratings firm points to ETFs as a factor in AUM growth in the last year.

[**Yellen Rules Out Retroactive Capital Gains Tax Hike**](https://www.fa-mag.com/news/yellen-argues-capital-gains-hike-from-april-2021-not-retroactive-62658.html) (Financial Advisor)  
 The Biden administration is aiming to almost double the tax on those making more than $1 million through its second major spending package.

[**MSCI Considering Crypto Index Launch**](https://www.reuters.com/article/idUSKCN2DT1BC) (Reuters)  
 A possible step toward expanding crypto’s reach despite [**yesterday’s setback**](https://www.etf.com/sections/features-and-news/sec-punts-decision-vanecks-bitcoin-etf) for a bitcoin ETF.

[**Welcome To The 'Rorschach Market'**](https://www.advisorperspectives.com/commentaries/2021/06/16/welcome-to-the-rorschach-market) (Advisor Perspectives)  
 How to try reading the mixed economic signals of the past few months.



 

 

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