by Chris Black
This ride is just getting started. This is not the 1980s, and these normal methods of raising interest rates are not going to do anything but make it all much worse.
WATCH: #BNNNewsroom Reports
Christine Lagarde (@Lagarde):
'There is too much uncertainty, particularly in one component, that is the pass-through in high energy costs at wholesale level into retail level.’
"I would be "surprised" if inflation had already peaked." pic.twitter.com/P8paLgRFUa
— Gurbaksh Singh Chahal (@gchahal) November 29, 2022
Frankly, the plan to stop the inflation is worse than the inflation.
Trend is concerning. Fed needs to cut interest rates immediately. They are massively amplifying the probability of a severe recession.
— Elon Musk (@elonmusk) November 30, 2022