You may think inflation is like the weather — everyone complains, but can’t do anything about it.
Except the Federal Reserve doesn’t believe that. And investors continue to show confidence in the central bank’s willingness to take on generational-high inflation while a war is waged in Eastern Europe.
The bankers and investors will get the latest evidence of why the Fed will raise its target short-term interest rate in mid-March in the week ahead. The monthly consumer price index surged 7.5 percent in January. Removing food and energy price hikes, inflation still was up 6% — three times higher than the Federal Reserve’s long-run goal.
