High inflation will lead to hawkish Fed and recession: Summers - Markets Insider

Summers Group economists have devised a new inflation metric — and found that US prices are rising at a level close to their 1980 peak.

US inflation is running closer to its peak than previously anticipated, according to a group of economists, which could mean that a deep recession is the only way to tame soaring prices. Ex-Treasu… [+2108 chars]

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