Don’t expect inflation to pass over very quickly, even with Fed rate hikes, a new ING report (ING) warns.
The report, which was published by ING’s Financial and Economic Analysis team, analyzed the latest Labor Department jobs report and noted that consumers and businesses alike being burned by inflation will likely have to wait a while before seeing any real relief from inflation.
“In an environment of decent corporate pricing power where firms can pass cost increases onto customers,…
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