A closely watched measure of US consumer prices rose by more than forecast to a 40-year high in September, pressuring the Federal Reserve to raise interest rates even more aggressively to stamp out persistent inflation before it becomes entrenched.
Inflation makes workers poorer (work more for less) and hikes make investors richer (make more with less).
Central banks need to hike rates until demand destruction stops inflation.. After inflation cools down, central banks can pivot back to monetary easing and inflating assets.
If you hold cashflow producing value stocks or have cash & hedges to buy the dips, you get richer.
Trade safely
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