Archive: price hikes

Why the Fed Is Bluffing

By Adam Sharp on July 9, 2021

The Federal Reserve is in quite a pickle. Inflation is heating up, as evidenced by May’s 5% annualized inflation rate (according to dubious official numbers). Economists assure us that these price hikes are “transitory” — i.e., not permanent. And Fed officials claim that they’ll start raising interest rates in 2023.  Federal Reserve officials signaled on Wednesday that they…