The Current Macro Outlook

tldr; The US Federal Reserve is trying to delay the day of reckoning as inflation is running away from them, writes John Defterios. He argues that the Fed is between a rock and a hard place, where it must choose between raising interest rates to stop inflation or letting it run rampant, which will kill the economy via spiralling inflation. The Fed is doing what it’s done for and trying to “delay the day

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