Inflation

The big questions of late have centered around inflation and while some have indicated no concern the Fed has changed policies to counter inflation. While they left the bench mark rate at near zero they announced the future rate increases may come as early as 2023 instead of 2024. They also said there will be two increases. It also raised its projected inflation rate one percent higher to 3.4%. This comes at a time when consumer prices rose the fastest in 13 years. The Fed target is inflation at 2%.