Fed Has Made ‘One of the Most Catastrophic Mistakes in Recent History’: Proffessor Steve Hanke
Steve Hanke of Johns Hopkins University says the Fed has ignored money supply growth, which he expects to drive persistent inflation for another 2 or 3 years.
Inflation Threatens to Return to US Politics in Replay of 1980
And even if headline inflation subsides, some costs might keep climbing. Goldman Sachs Group Inc economists expect rent increases next year to run at 30-year highs. The Wall Street bank’s latest outlook pencils in inflation at an historically high rate above 4 per cent in the third quarter.
"The meats, poultry, fish, and eggs category had the highest level of inflation at 11.9%, accelerating from 10.5% in September."
the latest from @HowardWPenney & @Hedgeye_Staples on #FoodInflation https://t.co/IsmM8fxKVR
— Hedgeye (@Hedgeye) November 11, 2021