Why the Fed is Terrified

According to a new CNN article…

The Fed is terrified Americans could get used to high inflation – and that it may “already be happening.”

The University of Michigan released its latest consumer survey… which showed that Americans’ long-run inflation expectations rose to 3.2% this month.

That’s the highest level since 2011.

And considering the Fed doesn’t expect inflation to reach 2% until 2026…

Those expectations could get WORSE.

Prices are up over 17% since January 2021…

And many consumer staples are up much more, as you can see in the charts below.

The talking heads on mainstream media can spin the latest CPI report however they want.

But the truth is that we are paying anywhere from 20% to 40% more for everyday items since 2021.

Seeing that our inflation problem seems to have no end in sight.

Yours in Wealth,

Ian Wyatt