The Biden economy is in horrible shape and projections are for worse.
We reported this morning on the potential inflation bomb coming due to this Administration’s policies. To offset inflation, the only answer that has historically worked is to increase rates above the rate of inflation. That would mean increasing rates at least 10% since current rates are near zero and inflation is at 10%.
In addition, experts are pointing out that fertilizer prices are at all time highs. This will impact the price of food and inflation, of course.