Heresy Financial Feb 27, 2023 Inflation is proving extremely sticky. Which begs the question how high will the Fed have to raise interest rates to finally get control over inflation? Based on two recent findings, it looks like interest rates may have to get a lot higher than previously expected by both the Fed and most market participants. First, we have the latest minutes from the Federal Reserve’s last meeting that show they may have to raise rates much higher. And number two, we have a recent paper released by the Federal Reserve Bank of Cleveland that suggests that it…
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