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Prior to 2022, the last time steps were taken to curb inflation in such an aggressive manner was in 1994. At the time, the starting Fed rate was at 2.96% on January 3rd, but by December 12th, the rate had reached 5.34% and by January 9th, it reached well over 6%.
an increase in the cost of energy will increase the cost of most all goods in the market. If the type of energy increasing in cost is used for transportation, then you can be sure that anything needing transport will come at a premium, attributed to energy cost increases.