I wish the Fed would just hurry up and overshoot. Inflation won’t turn lower until they do.
You could be right but remember it takes months for a raise to work its way into the economy. Most of the recent raises haven’t even had their effect yet. This is where the interesting guesswork takes place. I wouldn’t want that job myself, there’s no magic formula and an incredible number of surprises in both directions that can happen.
Exactly! The sooner the better. Playing footsie with inflation is what gave us stagflation in the 70s. If it is to be stopped it has to be hammered. Volkered. That is the modern experience.
This is just death by a thousand cuts.