It is likely that they will raise rates just enough to tip the country into recession, but not enough to curb inflation. Food, fuel, cars, and home mortgages- the real things Americans will spend money on- are all going to be more expensive for a couple of years. This means less money spent at Target, Walmart, Amazon, or Apple. Also, while the RATE of inflation may come down in 12-24 months, the PRICE increases will stay there. Fuel will remain high due to lack of supply, we are several milllion units short of cars, and interest rates will continue to make homes unaffordable. Welcome to your stagflationary future. Curtesy of our incompetent elites.