Investors may be in for this rude surprise: History shows inflation can take years to return to normal even when Fed hikes above 10% – MarketWatch

There’s a risk that U.S. price gains could take much longer than expected to fall, BofA Securities strategists said Thursday.
— Read on www.marketwatch.com/story/investors-may-be-in-for-this-rude-surprise-history-shows-inflation-can-take-years-to-return-to-normal-even-when-fed-hikes-above-10-11654192355

Inflation hits record high of 7.5% in countries using euro

BRUSSELS (AP) — Inflation hit a record in April for the 19 countries that use the euro as skyrocketing fuel prices boosted by the war in Ukraine weigh on the region’s economic recovery from the coronavirus pandemic. Annual inflation reached 7.5% for the month, topping the old record of 7.4% from March, statistics agency Eurostat said Friday. The April figure was the sixth consecutive record reported for the eurozone. Eurostat said energy prices jumped 38%, an indication of how Russia’s invasion
— Read on ca.finance.yahoo.com/news/inflation-hits-record-high-7-090715821.html