Federal Reserve to increase interest rates by 75 basis points
I&#x27;m skeptical that interest rate hikes will curb inflation.  I&#x27;m even skeptical that a recession will curb inflation.<p>We have significant shortages of so many products and services that people rely on and the only way I see the situation improving is if supplies increase, maybe dramatically.  It&#x27;s too difficult to curb demand for things like food and housing if the population is growing.  Those are things we just need to make more of.  And I don&#x27;t think raising interest rates is going to spur housing starts or investment in production capabilities.