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Inflation is ‘permanent’ and you’ll never regain your lost purchasing power, says a Wall Street guru

By Grant, founder and editor of Grant’s Interest Rate Observer.Brendan McDermid/ReutersWall Street guru Jim Grant told Fox Business Network inflation is “permanent.”Grant said the Fed is likely to cut rates later rather than sooner.Grant has been the editor of “Grant’s Interest Rate Observer” for the past four decades.Market watchers expecting the US Federal Reserve to cut interest…

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