Pay attention to interest rates in the coming months. If the Fed is really thinking about getting away from QE I expect them to mismanage it and inflation to skyrocket. According to this piece in FT the Fed is starting to seriously consider stopping QE. Given the Fed’s miserable job since 2008 expect them to fumble this and watch as inflation jumps to 5-7% year on year and perhaps even hits double digits. All of this of course with no rise in average wages.