Inflation on track for 1970s repeat; did the Fed make a mistake?

According to global capital markets commentary firm The Kobeissi Letter, the Fed made a huge mistake in initiating an aggressive approach to interest rate cuts, which began in September. The Kobeissi Letter shared charts showing a similar trend to a spike in interest rates in the 1970s and mentioned that the same might be happening to the inflation rate now.

Source: Cryptopolitan