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Fed’s Inflation Fight Likely to Persist

Steady rise in cost of services clouds inflation outlook

Tim Murray, Capital Markets Strategist, Multi‑Asset Division
T. Rowe Price,  September 2022

Key Insights

  • The cost of goods may be peaking, but the cost of services is steadily gaining momentum, which could be problematic for the inflation outlook.
  • In our view, the Fed’s inflation fight is far from over, and our Asset Allocation Committee remains underweight stocks relative to bonds.


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