[Economist: Sticky Inflation May Keep Fed Rates Elevated Through 2027] Jin10 Data, October 14 – FWDBonds Chief Economist Chris Rupkey stated that increasing evidence suggests the energy price shock triggered by the Middle East conflict is beginning to drive up prices of other core goods and services. Clearly, as long as geopolitical risks continue to push energy costs higher, many businesses will face cost pressures, forcing them to pass inflationary pressures onto other consumers and companies. Inflation remains sticky, which means Federal Reserve officials may need to implement further rate hikes and maintain higher interest rates through 2027.