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The Fed might not be so sure.

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Aug 23, 2022

Markets want to believe we’ve hit peak inflation. The Fed might not be so sure.

Markets saw their worst day yesterday since June with traders worried about potentially more interest rate increases to come from the Federal Reserve. We’ll get a better idea of where the Fed is at when Chair Jerome Powell speaks Friday at the Jackson Hole Economic Symposium. Today, we spoke with Stifel chief economist Lindsey Piegza about what might be next in the Fed’s fight against inflation. Plus, the average minimum salary someone is willing to accept for a new job has risen since last year. We get the latest snapshot of the labor market. And, the demand for help from local abortion funds has risen as some states move to restrict or ban abortion.

NEW YORK, NEW YORK - MAY 18: Traders work on the floor of the New York Stock Exchange (NYSE) on May 18, 2022 in New York City. The Dow Jones Industrial Average fell over 1000 points as markets continue their volatile trend.
NEW YORK, NEW YORK - MAY 18: Traders work on the floor of the New York Stock Exchange (NYSE) on May 18, 2022 in New York City. The Dow Jones Industrial Average fell over 1000 points as markets continue their volatile trend.
Spencer Platt/Getty Images

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The Team

Markets want to believe we’ve hit peak inflation. The Fed might not be so sure.