The Federal Reserve has no choice but to raise rates by 25 basis points next year to regain confidence or they have to let inflation run wild. In either case, the central money institution will have a hard time fighting the inflation beast, says Michael Gentile, a Montreal based strategic advisor and industry expert.
Even if they raise rates to at least 3%, this would cause a 50% stock industry crash, a 25-basis point tick higher would trigger a 10-20% correction, Gentile told our Daniela Cambone.
#federalreserve #inflation #economy
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