In its quest to bring down the skyrocketing inflation, the Federal Reserve raised benchmark interest rates by another 75 basis points on Wednesday. The central bank projects economic growth of just 0.2% this year and 1.2% in 2023.
Following legendary technician Larry Williams’ charts analysis, CNBC’s Jim Cramer said inflation could soon decline. “The charts, as interpreted by Larry Williams, suggest that inflation could soon cool down substantially soon if history’s any guide,” Cramer said.
