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You thought Inflation Was Bad, Just Wait…

In the world of economic forecasting, few events are as humbling as a failed prediction, especially when it concerns a phenomenon as pervasive and impactful as inflation. Janet Yellen, the distinguished economist and former US Treasury Secretary, found herself in this precarious position several times. Interest rates have soared to unprecedented heights, reshaping financial landscapes and leaving households grappling with soaring borrowing costs. Still, the specter of inflation is looming large, casting a shadow of uncertainty over the economic outlook and raising fears of a prolonged period of financial strain. Now, just as hopes for respite are beginning to surface, a sobering reality is setting in: the worst might be yet to come. If you thought inflation was bad, just wait.