US fiscal policy is undermining the Fed’s efforts to fight inflation
US Federal Reserve Board Chairman Jerome Powell departs after holding a news conference after Federal Reserve raised its target interest rate by three-quarters of a percentage point in Washington, September 21, 2022.
Kevin Lamarque | Reuters
Inflation remains the top issue on investors’ minds, with many trying to determine when the relative rise in prices will stop and whether the Federal Reserve’s aggressive interest rate hikes to try to halt the spiral will engineer a so-called soft-landing for the economy — or, instead, send us into a deep recession. Indeed, your views on the trajectory of inflation will determine your views on future Fed actions — and, therefore, how you decide to put your money to work.