Recent inflation data from September came in hotter than expected, and rather than showing clear signs of consumer price inflation peaking, many read it as a sign of just the opposite.

Consumer prices continued to rise faster than expected on a monthly basis, and even members of the Federal Reserve noted in their recent meeting minutes that they have been surprised by the persistence of inflation.

The Fed has acted swiftly to try to put a lid on consumer price increases to no avail. With inflation still high, what will the Fed do next? Let's take a look.

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Source Fool.com