Fed raises rates by 75 basis points. Here comes stagflation.
4 min readJun 16, 2022
High inflation coupled with a recession is called stagflation.
After more than a year of delay, the Federal Reserve finally looks like it is serious about reducing inflation. The meager 25 basis point increase in April and the 50 basis point increase in May were much too small and much too late. Look for larger and more frequent rate increases before year-end.