Tom has been wrong this year whenever he was on the TV. People who wish for a stop in the raising of interest rates will be very disappointed given this stagflation rate of 8%+. Massive return of manufacturing jobs from China and shortage of skilled workers in the U.S. will certainly give pressure on rising wages. Food prices such as eggs, and other types of food have risen more than double. To sum up, I believe that the terminal interest rate must be at least 6% to stop the stagflation vs 4.95% as per market participants.
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