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US Business Surveys Show No Slowdown, Inflation Heating Up Again
So much for the "slowdown" narrative.
You might've assumed the second-largest bank failure in US hi
The Fed has staked its credibility on bringing inflation back to 2%. I would hate to see what happens if that credibility evaporates, inflation stalls at 4-5%, and inflation expectations rise to 4-5%. Those inflation levels would be similar mid-80s-early 90s, a period when the 10 yr Treasury yield was bouncing around 8%.
Price controls seems like a can of worms but are there any mechanisms the government can exert to reel in greedflation? Seems like political sweet spot for dems.