Michael Wilkerson, founder of Stormwall Advisors, believes that inflation is on the rise and could reach 12% by the end of the year. This contradicts many economists who are predicting a decrease in inflation. Wilkerson warns that the U.S. Federal Reserve “is going to run out of firepower” if they do not increase interest rates soon.
Michael Wilkerson Says Inflation Will Increase Again, Contrary To Many Economists
Michael Wilkerson, founder of Stormwall Advisors, believes that U.S. inflation will increase again in the near future. Many analysts and economists believe that inflation will decrease this year, but Wilkerson believes otherwise.
He believes that the increasing money supply inevitably results in an accompanying increase in prices, as evidenced by historical patterns. From the perspective of policymakers, inflation is a preferable option since it is the “lesser of two evils.” Posen, the president of the Peterson Institute for International Economics and former Bank of England official, anticipates that U.S. inflation will reach the 3% range by the end of 2023.
Michael Wilkerson, market strategist and president of Macro Risk Advisors, believes that inflation will increase again in the US, contrary to many economists. He believes that this could happen by year-end, and that it could reach 12%. This could have a big impact on the economy, and could cause problems for people who are trying to save money.