ANALYSIS: Is Another Wave of Inflation Happening?

Following the latest inflation data, U.S. financial markets are asking two questions. First, is this the beginning of an inflation revival? Second, how will the recent numbers impact the Federal Reserve’s monetary policy decision-making?
ANALYSIS: Is Another Wave of Inflation Happening?
A woman shops for groceries at a supermarket in Monterey Park, Calif., on Oct. 19, 2022. Frederic J. Brown/AFP via Getty Images
Andrew Moran
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Following the latest inflation data, U.S. financial markets are asking two questions. First, is this the beginning of an inflation revival? Second, how will the recent numbers impact the Federal Reserve’s monetary policy decision-making?

In July, the annual inflation rate edged up to 3.2 percent, marking the first increase in the growth rate in a year. The core consumer price index (CPI), which strips the volatile food and energy components, remains stubbornly high at 4.7 percent.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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