by goldenloi
There seems to be a widespread consensus that inflation has peaked and it’s down from here. I tend to disagree, though I acknowledge that this is possible.
Nothing is guaranteed and no two time periods are exactly the same but inflation saw a double spike in the 1970s and it could easily happen again. The Fed was tightening during much of the 70s price inflation as well, further proving that the Fed can only do so much to stop certain types of inflation.
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