Last week, headline inflation came in higher than expected at 8.2% (the consensus had expected it to fall to 8.1%). Core inflation unfortunately rose to 6.6% from 6.3%. This was not good news for the Federal Reserve that is actively trying to cool the economy down with the goal of lowering inflation. However, given the firm commitment the Fed has made to getting inflation down to 2%, it’s important to remember that this current storm is temporary. We should continue to keep in mind the long perspective that eventually inflation will come down again. The uncertainty centers around the timing. How long will it take for inflation to fall in line with the central bank’s target? Meanwhile, investors should ask themselves: How long will this window of opportunity be open?
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