By Craig Erwin, Ph.D.
Inflation is hot, the hottest since 1982. But Wall Street didn’t react violently to that news because it was expected. The Federal Reserve will likely raise interest rates a few times this year, starting in March. It no longer needs to stimulate economic growth. Time to hit the brakes.
When you shop, does it seem that prices have risen much? Do you think the Federal Reserve is right to stop providing stimulus for economic growth? Do you expect a recession this year?
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