"With weakness in the dollar, record high in gold, the rising inflation expectations in TIPS, policy being extremely easy, the Fed should be worried about inflation." So says Peter Boockvar, commenting on the fact that only yesterday, many analysts said the Fed need not worry about inflation following a tame PPI report. Boockvar tells Andrew O'Day "generally speaking in inflation, the CPI is the only thing that matters because it's what consumers end up paying for services and goods."

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Dow Jones' MarketWatch Morning Stock Talk discusses the big stock movers, economic data and investment trends with Wall Street's top analysts, strategists and traders. Hear about what's driving the stock market from those in the know..