JPMorgan Chase is Watching This Risk Going Into 2022
It's been a while since investors have dealt with inflationary pressures in the market. In October, the consumer price index (CPI), a measure of inflation on consumer goods, came in at 6.2% -- the largest year-over-year change seen since November 1990.
Jerome Powell, chairman of the Federal Reserve, recently said it was time to retire the word "transitory" when describing inflation. He also acknowledged that the "risk of higher inflation has increased" in his testimony to Congress last week.
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Source Fool.com