The Federal Reserve will find it tough to rein in soaring prices, according to Smead Capital Management The high rate of inflation in the US is likely to be “far stickier” and longer-lasting than many have predicted, the chief investment officer at Smead Capital Management, Bill Smead, told CNBC on Tuesday. The comments come ahead of a much-anticipated US inflation report by the Labor Department due later in the day. “The enthusiasm… right now is the hope that we’ll get a friendly Fed out of a soft landing, and we do not believe that is going to be the case,” Smead stated. “We think the inflation is going to b
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