The Fed Takes Action Against Inflation
As we have discussed at length in previous videos, inflation this year continues to set records. In November, the annual inflation rate surged to 6.8%, the highest since June of 1982. This upward pressure has been fairly broad across all metrics, from gasoline to vehicles to food prices.
Finally, the Fed has started to take a stronger stance towards combating these pressures. Namely, the central bank announced today that they will aggressively reduce its monthly bond purchases beginning in January, and that interest rate hikes would follow.
What are our thoughts regarding the Fed's action and on inflationary concerns as a whole? Check it out below!