Will the Fed Have to Rake Interest Rates Above Seven % to Stop Inflation?

Inflation is now seven and a half %. Will the federal reserve have to raise interest rates to more than seven % to stop inflation? Jackson: I don't know of many investors who are predicting a rise to that level. If inflation doesn't come down on its own soon, the fed could have to raise rates more than economists or investors are predicting. The bond market might not be that smart. Long term stock performance is tied to fundamental measures of value, but in the short term, stocks trade on sentiment.