Why the Fed May Be Losing Control of Inflation

Inflation is accelerating again, and investors are starting to question whether the Federal Reserve still has a path to contain it.Mike Armstrong and Marc Fandetti break down the hotter-than-expected April inflation report as rising energy, food, and housing costs push inflation further away from the Fed’s target and reignite fears of a prolonged inflation cycle.Also covered:Why markets suddenly believe rate cuts are off the tableThe growing fear that inflation expectations are becoming embedded againHow the Strait of Hormuz crisis continues to threaten global energy supplyWhy some analysts see uncomfortable parallels to the 1970sMichael Burry’s latest warning about AI-driven market excessThe debate over whether today’s AI spending boom is becoming inflationaryWhy major tech companies are spending hundreds of billions to stay competitive in AIThe worsening financial outlook for Social Security and government deficitsHow higher inflation and interest rates could reshape the economy for yearsWhy the next phase of inflation may be far more difficult to contain than the last one.