After the too hot CPI and today's even hotter PPI the Fed needs to push interests markedly higher. In my opinion we will see a FFR clearly higher than 6% this year.

Think of the Fed as defender of their only product: dollar-denominated debt. And in a phase of de-dollarization they will need to sterilize all those offfshore-dollars before they come floating home to blow anything up in a hyperinflationary bust. Let's see how the Treasury will act...