The Fed Will Continue to Destroy Your Wealth as It Fails to Fight Inflation

With their monetary policy, "the Fed is not able to affect the most sticky parts of the economy yet," says Alfonso Peccatiello, publisher of financial newsletter The Macro Compass. "Inflation remains relatively high," he says. And he believes core services and rent of shelter will be the last to be quelled. Because the drivers of inflation aren't going down, "the Fed cannot be happy about this," Peccatiello continues. "The bond market knows the more the Fed is tightening today, the more long-term damage will be done to the economy," he surmises. Peccatiello concludes that Europe will make it through the winter, "but it will cost 7% to 10% gross domestic product," and will hit the private sector severely. #financialcrisis #federalreserve #privatesector ⭐️ Join Daniela Cambone's exclusive community ➡️ ➡️ Follow us on Facebook: ➡️ Follow us on Twitter: ➡️ Follow us on Instagram: ➡️ Follow us on LinkedIn: