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After the third quarter suddenly sagged, we are seeing optimistic forecasts for the fourth quarter. The key question is – will we sag, like the third quarter, or soar again, like the first two quarters? While there are some catalysts supporting the economy’s strength this quarter, inflation continues to rise. Fed Vice Chairman Richard Clarida’s comments last week signal that the Fed has become frustrated with surging inflation and intends to squelch it in 2022, even though the Fed has failed to forecast more than one key interest rate increase.
...read full article on Seeking Alpha
