Matt Johnson, CFA® - Andy Nugent, CFA® Market Recap, Portfolio Analysis, and Review Second Quarter, 2022 showed us a glimpse into the effect of inflation, which is at a 40 year high and the Fed’s monetary policy. June’s inflation number rose to 9.1% and during the quarter, the Fed instituted two rate hikes in an attempt to control it. The result is that the consumer has less money in their pocket, and it is much more expensive to borrow money. If the goal is to slow demand