What If The Fed Cannot Tame Inflation?
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“These are uncharted waters for all of us,” mentioned Liz Young, head of funding strategy at SoFi. “Inflation hasn’t been this excessive since the yr I was born.” The economy will get better, she said, but it may be a “sluggish burn.” Markets will continue to tumble, and prices will stay elevated for a while, she added: “I believe we may need to remain there for a short while. I do not know that we’ll bounce back out of it very quickly.”
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