The Fed Will Hike Again Next Week And It Won't Help Inflation
Zero Hedge -

The Fed Will Hike Again Next Week And It Won't Help Inflation

By Vincent Cignarella, Bloomberg Markets Live commentator and analyst

The Fed is scheduled once again to hike interest rates by 50 bps next Wednesday in an attempt to stem rising inflation. But with inflation a result of commodity prices and not the demand for money, the Fed’s efforts will fall short.

That’s likely to keep pressure on equity markets.

Inflation began to surge with the jump in commodity prices in early...

Related Articles

Latest in Opinions

More from Zero Hedge