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It Gets Ugly: Inflation Shifts to Services. Food, Fuel Spike Too. Dollar s Purchasing Power Swoons. | Wolf Street

By Thomas A. Smith

And here is Fed Chair Jerome Powell contemplating the next rate hikes, as captured by cartoonist Marco Ricolli for WOLF STREET:

via wolfstreet.com

Pretty good summary, and it is ugly. From my careful watching of select macro YouTube channels, I’ve ascertained that inflation (if this really is inflation — it might just be a transitory (which could mean just a few years) price shock — will either go up from here, down from here, or remain the same for an indeterminate length of time.