LookThey keep trying to knock oil down but it keeps coming back. Why is that I wonder.?Supply can't be increased and SPR releases are going to come to an end. Raising
rates won't solve any supply issues but will only make goods more expensive.
Bottom line, inflation will be stubborn as long as oil prices hold up. Their prescription
is not a solution but what else can the Fed do. They will end up crushing the economy and cause more misery than what we have now. In order to drop demand bigger hikes are needed and the consequences will be ugly. More unemployment, bankruptcies and less gov't revenue is what I envision all in order to kill demand.
Killing demand is also going to kill the patient and once you have done that it will be
extremley difficult to ressucitate. Meanwhile Putins smirk will become wider.