The Fed Will Soon Be Done Tightening

  • nflation is mostly a supply problem, and these problems are difficult to tackle with demand policies but are sorting themselves out.
  • There are few signs that inflation is becoming ingrained in expectations or risking a wage-price spiral.
  • The steep fiscal and monetary reverse needs time to work through the economy, and signs are already plenty that they are starting to work.
  • With very high debt levels and the perilous state of the world economy, the risk of further tightening is increasing by the week.
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The Fed Will Soon Be Done Tightening | Seeking Alpha