Inflation’s Overreach

inflation

Inflation Overreach

What do The Dukes of Hazzard, M*A*S*H, and The Love Boat all have in common? They were top-rated television programs in 1982; the last time inflation was hovering in the 7% range.

When inflation is running hot, you can feel its overreach in almost every corner of the economy. People see it when they buy gas or buy food at the grocery store, but its influence touches mortgage rates, credit card debt, and overall consumer confidence.

Managing inflation is the job of the Federal Reserve, and the Fed’s approach with monetary policy reflects its near single-minded focus on higher prices in 2022. The Fed raised short-term interest rates at its March meeting, and Fed Chair Powell signaled more is needed before the Fed can wrestle control of inflation.

It may be only a matter of time before the Fed’s policies temper inflation. Some see a change in the second half of the year, while others say 2023 is more likely. But in the months ahead, it’s possible inflation reports will bring back memories of Laverne & Shirley and Magnum, P.I.

If you’re feeling an inflation pinch, please reach out. We’d welcome the chance to hear your story. In the meantime, our team of professionals will monitor the situation and keep you updated if we believe any portfolio changes are needed.

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Copyright 2022 FMG Suite.

Dr. Jason Van Duyn
586-731-6020
AQuest Wealth Strategies
President

Dr. Jason Van Duyn CFP®, ChFC, CLU, MBA is a Registered Representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA & SIPC. The LPL Financial registered representative associated with this site may only discuss and/or transact securities business with residents of the following states: IN, IL, TX, MI, NC, AZ, VA, FL, OH and CO.

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