A challenging April finally is in the books, and, on top of that, here comes the Fed in May. The monetary spigot has been wide open for too long, and the last couple of COVID relief checks probably were gratuitous in most cases, all of that to go along with numerous supply chain disruptions. So, too many dollars chasing too few goods. In other words, classic inflation at an uncomfortably high rate and the sense, as we moved through April, that solving the problem will require more than a quick Fed fix with only a modest rise in interest rates.
Continue reading “April 2022 – That Was the Month That Was”