Too Little Too Late. The Inflation Cake Is Baked.

Too Little Too Late. The Inflation Cake Is Baked.

If the Fed were to follow today’s 75 basis point increase in the Fed Funds Rate with 100 basis point increases during each of the July and September FOMC meetings, it still would not be sufficient to curb inflation this year. 2022 will be marked by a recession, elevated prices for goods and services, and higher interest rates. The cake is already baked.