Fed Set To Extend Inflation Fight With 7th Rate Hike Of 2022

The video discusses the 7th interest rate hike of 2022, which is smaller than the previous four hikes. It highlights a recent report showing a decrease in inflation, with prices rising 7.1% in November, the lowest since last December. Despite this, Fed Chair Jerome Powell is expected to announce more hikes next year to control inflation.

What is the significance of the 7th hike mentioned in the text?

How does the anticipated 1/2 point increase compare to previous hikes?

What does the report indicate about inflation trends in the country?

What was the inflation rate in November, and why is it significant?

What future actions is Fed chair Jerome Powell expected to signal regarding interest rates?