Isn't this a brute force way to fight inflation? I certainly don't believe that inflation is around 3%. My feel for it is around 9-10%. I assume the Fed is also aware of it and hence they are trying to reduce supply of money to curb the rate of inflation.

> inflation is around 3%. My feel for it is around 9-10%

Why do you think that’s the case?

Because my grocery bills, utility bills and monthly expenses for normal living are up ~10% from 2020. I live in a MCOL city.

Isn’t that an annualised rate of ~3% per year since 2020 then?

> 2020

Right.. yet it’s 2024 as far as I’m aware and inflation is tracked on a rolling 12 month basis.

If it was only 10% during those 3 years, it’s approximately 3.2% per year which is close enough (of course the official inflation was actually much higher than your’e implying..)

This title is a massive clickbait

It's from fool.com, what else might we expect?

On a tangent

> You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services.

So they open this with a disclaimer that they wouldn't recommend trusting anything they say, because they may be misleading?