There’s a lot of work to do on inflation

[Silver Ridge Market Report Logo] Dear Reader, There’s a lot of work to do on inflation. In a talk on Wednesday, Fed Chair Jerome Powell reiterated the central bank’s commitment to fight inflation by tightening monetary policy. From his prepared remarks: “…inflation remains far too high. My colleagues and I are acutely aware that high inflation is imposing significant hardship, straining budgets and shrinking what paychecks will buy. This is especially painful for those least able to meet the higher costs of essentials like food, housing, and transportation. Price stability is the responsibility of the Federal Reserve and serves as the bedrock of our economy. Without price stability, the economy does not work for anyone. In particular, without price stability, we will not achieve a sustained period of strong labor market conditions that benefit all.“ Powell acknowledged that the effects of tight monetary policy come on lag. He also acknowledged he was aware that the market prices for homes and rentals emerge in government inflation reports on a lag. Powell said the “ultimate level of rates will need to be somewhat higher“ than the Fed had forecast in September. But he also said the central may ease up on the pace of rate hikes. From the remarks: “Monetary policy affects the economy and inflation with uncertain lags, and the full effects of our rapid tightening so far are yet to be felt.” It sounds like we’re moving in the right direction, but there might be some discomfort until we get there. Editor, Silver Ridge Market Report Andrew Graham [A Graham Signature] Sponsored P.S. [“BUY” ALERT: This Penny Stock Has Potential]( Our system just triggered a “buy” alert based on recent market activity - and we wanted to tell you about it as soon as possible. Truth is, this penny stock has been flying under-the-radar despite its impressive profit potential. [This Price Could Be Set to Soar]( By clicking link you are subscribing to The Stock Market Monster Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy [Privacy Policy/Disclosures](   406 Media and Silver Ridge Market Report, is not giving individualized financial advice. Never invest more than you are willing to lose. 406 Media or Silver Ridge Market Report is not giving financial, investment, or stock advice. Our content is designed for generalized informational purposes only. If you have specific questions about investments or stocks you should consult a financial advisor. Articles, News, Or Other published materials are not always the views of 406 Media and/or Silver Ridge Market Report. If you feel you are receiving these emails in error please email Support@e1.profitraven.com or click the unsubscribe button below. Silver Ridge Market Report is now brought to you by ProfitRaven.com a thought leader in the financial publishing and alternative investment idea space. All rights reserved. Republishing Prohibited without expressed written consent of 406 Media, or their designated agent. 30 N Gould St, STE R, Sheridan WY 82801 This e-mail has been sent to {EMAIL}, [click here to unsubscribe](.