Fed suffers another setback in efforts to curb inflation

By Zach Halaschak

Published October 14, 2022 9:12pm ET

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Fed suffers another setback in efforts to curb inflation — Federal Reserve Chairman Jerome Powell speaks during a news conference at the Federal Reserve Board building in Washington, Wednesday, July 27, 2022. The Fed's rate hiking cycle has begun to cause the country's economic situation to decline as fears of a recession percolate. | (Manuel Balce Ceneta/AP)

Expectations of future inflation unexpectedly rose on Friday, another setback for the Federal Reserve in its quest to bring down soaring inflation.

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Federal Reserve Inflation Recession