Will Inflation Last Forever
Highlights:
• Inflation hit 9.1% in June—its highest level in four decades.1
• The Fed raised interest rates in an effort to slow US growth and moderate inflation. Fed officials are signaling
another 0.75 basis points (bps) hike at the July 26-27 meeting due to the latest inflation numbers.
• A lower inflation rate doesn’t require falling prices; it simply requires prices to not rise as fast as they did last year.