Reply to U.S. Annual Inflation rose to 6.8% in November

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Reply to "U.S. Annual Inflation rose to 6.8% in November - the highest in 40 years"

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[quote=Anonymous][quote=Anonymous]PPI today shows that companies are passing big extra costs down the pipeline they ultimately end up to consumers. Today's numbers portend ugly March CPI numbers.  Companies that don't have pricing power are having their margins squeezed big time by this inflation. It could mean layoffs.  Powell and the fed are almost criminals at this point letting inflation get this out of control.   It is absolutely INSANE they are still quantitative easing and buying things like MBS. The QE machine should have been turned off a year ago, and the Fed's massive bloated balance sheet that's creating so much social l chaos and asset price distortion should be rapidly deflated.   This is getting out of control. [/quote]
So why isn’t the fed raising rates?  Are they just hoping for some magic cure at this point?  Are raising rates the only thing that will curb inflation?  Is it politics or corporate interests that are keeping the pressure on the fed to maintain the status quo?[/quote]

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