Inflation, An Economic Winter Is Approaching

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Inflation Is Out Of Control, And It’s Not Getting FixedIt doesn’t matter if the May CPI data is hot or not, if it shows a peak or not, because high inflation is here to stay for a while and it may even accelerate in the back half of the year. The FOMC, the agency in charge of economic conditions ie inflation has been wrong about it from the get-go and is so far behind the curve it scares us to think about what may happen over the next few years. As it is, the FOMC is expected to hike rates by 50 basis points per meeting going into next year. That will put the base rate at the highest level in …

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