The Fed has been saying that inflation is transitory. Then they released a Federal Open Market Committee policy statement on Wednesday that accelerated the timeline of raising interest rates to 2023. The Fed raised key interbank lending rates yesterday, while the St. Louis Fed President was interviewed today and said that he expects an initial rate increase in late 2022. If inflation is transitory, why is the Fed accelerating rate increases?
Here is an article that touches on what ten companies are doing with the higher costs that they are being presented with. These companies conduct business across a wide segment of the economy. Naturally, they are passing the higher costs onto consumers. That just might be the definition of inflation.
What do you think?
~ Brian Kasal- The Leadership Matrix
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