Stubbornly high inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. Now, Federal Reserve Federal Reserve The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. This includes stabilizing and maintaining flexible monetary policy in the The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Back in June 2022 Timiraos dropped the bombshell during the Federal Reserve blackout period:WSJ Fedwatcher Nick Timiraos is just out with a new report previewing the FOMC. "A string of troubling inflation reports in recent days is likely to lead Federal Reserve officials to consider surprising markets with a larger-than-expected 0.75-percentage-point interest rate increase at their meeting this week," he writes.

Source: Wall Street Journal January 29, 2023 23:19 UTC