Slower Rate Hikes By Fed Announced

Inflation came in better than expected for the second month in a row, cooling to an annualized 7.1% year over year. This likely paved the way for the slower rate hikes by the fed that was just announced.

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LINKS: https://www.statista.com/statistics/273418/unadjusted-monthly-inflation-rate-in-the-us/
https://finance.yahoo.com/federal-reserve-raises-interest-rates-to-highest-since-2007-sees-higher-rates-in-23-190034046.html
https://www.forbes.com/advisor/investing/fed-funds-rate-history/

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Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.