Wall Street banks made $2.3 BILLION by betting on rising inflation in 2021 – doubling the amount they made in 2019 – #marketnews

[Source]( https://www.dailymail.co.uk/news/article-10868935/Wall-Street-banks-2-3B-betting-rising-inflation-2021-double-2019.html)

I thought the White House said something along the lines of no one a year ago could have predicted such a rise in inflation. I guess wall street people just decided to gamble on it and it paid off for them.