The fed hiked rates today by 0.75%.
They have also moved to meeting by meeting data dependency.
Since they've done both in one meeting there is the possibility that if inflation continues higher for a few months they will be unable or unwilling to cut rates to save the economy from the earrings recession likely on the way.
In short the supply side situation is...
Corona the Pandemic, The Recession of 2021.
There too many factor playing out and 2021 the Q3-4. Printing more and more money to stabilize market. Wont last.
Too much devaluation of dollar would risk more to the ecnonomy. Money would become worthless and it will never be a hyperinflation again.
Dollar is already hovering around lows but still building upwards. As...