Wall Street and Fed Flopped in Trying to Predict 2022 - The Wall Street Journal
Wall Street and Fed Flopped in Trying to Predict 2022 - The Wall Street Journal
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Persistent inflation and the market selloff are humbling investors as they look to the new year.
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Almost everyone on Wall Street and in Washington got 2022 wrong.

The Federal Reserve expected 2021’s inflation surge to be transitory. It wasn’t. Core inflation climbed to a four-decade high this fall, nearly tripling the Fed’s full-year forecast.

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