Business

Even As U.S. Inflation Climbs, Wall Street Sees Steep Fall Coming

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“I think everyone’s working backwards and saying, let’s take the Fed at their word that they’re resolved to bring inflation down,” said Andrew Hollenhorst, chief US economist at Citigroup Inc. Without projections that higher rates will stifle economic growth and boost unemployment, “then there wouldn’t be this expectation that inflation would move lower.”



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