Inflation isn’t going away. Here’s what that means for interest rates.
The Federal Reserve is likely to accelerate the pace of interest rate hikes to rein in stubbornly high inflation, according to a growing number of Wall Street analysts. Aditya Bhave, a U.S. economist with BofA Global Research, expects monetary policymakers to raise the Fed’s benchmark rate by 0.25 percentage points at each of the central…