Impact of Inflation: What Americans Can Expect in 2022
Millions of Americans are feeling the tangible effects of increased pricing on everything from strawberries to interest rates. In the throes of a global pandemic, inflation has accelerated in recent months prompting Americans to take stock of their day-to-day purchases and pushing the Federal Reserve to reassess their strategy for the new year. Already in the first few days of this year, the 10-year treasury rate has gapped to an eight-month high and mortgage rates are back to their highest levels since the spring of 2020. What more can we expect from the impact of inflation in the new year?