Inflation pace is the fastest it has been in more than 40 years. Unprecedented, historical, and painful. It is a pain that everyone is feeling, however some more than others. 

In a CNBC article written by Jeff Cox he reports “the central bank promised it would launch a full effort to bring down inflation pressures running at their fastest pace in more than 40 years.”

Cox highlights these points:

• Fed officials rolled out strong language Friday to describe their approach to inflation, promising a full-fledged effort to restore price stability.
• “The Committee’s commitment to restoring price stability — which is necessary for sustaining a strong labor market — is unconditional,” the Fed said in a report to Congress.

Read the full article here:  
Fed promises ‘unconditional’ approach to taking down inflation in report to Congress 

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