(Money Metals News Service) In this episode of the Money Metals Midweek Memo, host Mike Maharrey argues that reports of inflation’s demise have been greatly exaggerated. Drawing on both recent economic data and historical parallels, he contends that the United States may be entering a second wave of a broader long-term inflationary cycle reminiscent of the inflationary era of the 1960s and 1970s.
Using the famous example of the New England Patriots’ comeback from a 28-3 deficit against the Atlanta Falcons in Super Bowl LI on February 5, 2017, Maharrey suggests that inflation, much like that game, wasn’t truly over when many believed it was. While the Federal Reserve’s aggressive tightening campaign brought inflation down from its June 2022 peak of 9.1%, the underlying forces driving rising prices were never fully eliminated.
Read Full Article: https://headlineusa.com/inflations-comeback-why-the-fed-may-be-losing-the-fight-again/
