The Fed is Sticking to Higher for Longer
Real Vision: Finance & Investing
00:00
The Hard Medicine or the Bitter Pill to Scoop?
The cost of living is already at a critical point, maybe a breaking point for some people who there are still too many citizens who are now resorting to food banks and things like that. But we're shackled ultimately by wage inflation or wage demands. The strikes that are going on, Jeremy Hunt, has said that he's going to stay firm and the country needs to take some pain. And in other words, not tolerate or bow to those wage demands as they'll only contribute to inflation longer term. So yeah, I think in essence, the terminal rate of 4.5% with the Bank of England currently at 3% and expected to hike 50 basis points as we saw the Fed
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