Experts Predict Persistent Inflation and Supply Chain Woes Through 2024
-
One market strategist doesn't expect the Fed to cut interest rates in 2024 due to rebounding inflation.
-
Shipping troubles and geopolitical tensions in the Red Sea will cause delays and higher shipping costs.
-
Big retailers like Next and Ikea are already seeing 2.5 week delays in shipments.
-
Container tanker rates have spiked up to 173% and oil shipping rates are also rising.
-
Supply chain issues like droughts impacting the Panama Canal will further add to inflationary pressures.