Inflation Stays High Despite Rate Hikes, Challenging Fed and Threatening Economy

• Inflation remains stubbornly high despite Fed rate hikes, presenting challenges for the Fed and economy

• Geopolitics, high oil prices, government spending, and regulatory mandates are fueling further inflation

• Electric vehicle mandates for trucks will be hugely expensive and present major infrastructure challenges

• Forgiving student loans is inflationary and adds to already high government debt levels

• Equity markets hit new highs but face volatility if inflation persists and rate cuts disappoint