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Federal Reserve raises interest rates by 0.75%, most since 1994, amid effort to slow inflation

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J.P. Morgan Makes 2 Bottom-Fishing Bets for Long-Term Gains

Inflation is on everyone’s minds these days, and for good reason. Annualized price increases are at their highest level in 41 years, and are evoking memories of the Carter Administration. Carter’s failed attempts to curb inflation killed his chances in the 1980 election, and Reagan’s Administration only beat inflation at the cost of double-digit interest rates. With an election coming up, an Administration flailing, and the Federal Reserve on course this week to bump up rates again, the parallel

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