Inflation has increased significantly, causing financial market jitters and consumer worries. Supply and demand issues, as well as energy, food, and housing costs, are major contributors. Despite interest rate hikes by the Federal Reserve, inflation remains high. Investors now anticipate that high rates will persist, affecting economic growth projections. While some item prices have eased, essential expenses like housing are still a burden. Consumers should proceed cautiously, budgeting carefully as the economy and the Fed work to curb inflation.
