As 2022 quickly progresses towards the end of a turbulent first month for markets, it appears that the transitory vs. persistent inflation debate, which was a hot topic for financial markets in the late summer and early fall of 2021, is coming to a close: Inflation has been more persistent than a transient and impermanent blip in an otherwise vibrant economy.
The Federal Reserve described high inflation rates as transitory as recently as November, and while some analysts remain firmly seated…
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