Published on 18 Jan 2022 on Insider Monkey via Yahoo Finance
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Inflation has battered growth stocks at the stock market for the best part of the past few months. Consumer prices surged by over 7% in the past year, shattering decades-old records, as house prices soared and supply chain disruptions due to the pandemic added to the feeling of gloom around the future of the US economy. Market analysts and Wall Street strategists sounded multiple alarm bells around soaring valuations and market crashes. However, the US Federal Reserve dismissed most of these concerns as “transitory” and refused to raise interest rates.
Higher Rates and Tighter Monetary Policy Ahead in 2022