"Or Plan-C, cut interest rate and nothing happen as 3-3.5% inflation is the "norm".
Only if unemployment is high and labor is cheap. Wages in the US are currently increasing by 5% p.a. To cover their costs producers will have to put up their prices by more than that or go broke and that's the real reason why inflation is going up (not down).
That's why we need a recession to reset wages and prices and it will happen as explained below . . .
"Or Plan-C, cut interest rate and nothing happen as 3-3.5%...
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Last
7,629.0 |
Change
42.000(0.55%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,587.0 | 7,640.2 | 7,587.0 |
| XJO (ASX) Chart |