Persistent inflation and the market selloff are humbling investors as they look to the new year.
Listen to article
(2 minutes)
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.
Continue reading your article with
a WSJ membership
Already a member? Sign In
Comments
0 comment