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Wall Street and Fed Flopped in Trying to Predict 2022
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Almost everyone on Wall Street and in Washington got 2022 wrong.
The Federal Reserve expected 2021’s inflation surge to be transitory. It wasn’t. Core inflation climbed to a four-decade high this fall, nearly tripling the Fed’s full-year forecast.
Read more on wsj.comAbout this in other media
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Fed Minutes Show Officials Feared Markets’ Rallies Could Hinder Inflation Fight wsj.com /1 year ago
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