How Long Will Rising Inflation Be Ignored?

On the other hand, next year the core PCE inflation rate probably won’t be high. The Fed won’t hike rates next year unless inflation stays persistently high. It will be interesting to see how the market reacts to the coming dovish June Fed meeting (prediction). Higher inflation could become a political issue. Some are calling this “Bidinflation.” It would be an amazing turn of events if political pressures are in favor of Fed hikes rather than cuts.

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