From March 2022 to July 2023, the Federal Reserve raised interest rates 11 times in an effort to curb inflation.

Perhaps the most pernicious feature of inflation is that it spreads -- impacting everything from consumer purchasing power to labor costs, food production, and more.

Fed Chairman Jerome Powell has expressed on numerous occasions that his long-term inflation target is 2%. While inflation has cooled from peak levels, the current rate of 3.2% suggests the battle is far from over.

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Source Fool.com