Over the last 2 years the housing market went ballistic while the fed and gov assured everyone rocketing inflation was "transitory".

Now most "consumers" assume Powell and the rest of the weaels werre speaking to us. They weren't. They were speaking to producers and suppliers.

The true cost of your every day times should be much higher based on simply how much money has been printed (this includes Trumps time). Suppliers/producers kept costs down by taking a cut out from their own profits.

Now that the fed is raising rates (multiple times in '22), these entities will want to:

A) Make up for losses due to a number of factors including but not limited to: expiration, market trend, regulations, costs due to losing employees and on and on.

B) Make up for the profit they lost due to cutting their own margins.

Now you may say to yourself "well, my mortgage accounted for rate spikes". That's irrelevant here.

You'll still pay your x amount for your mortgage however the cost of absolutely everything else is going to up, way up. This makes it far more difficult to pay the large ticket fixed costs (home, car).

Simultaneously, currency inflation will add the cost. Don't think suppliers/producers aren't taking that into account when they price your goods/services.

Everyone should be aware of whats coming this year. Don't fall into the trap of avoiding your finances. You should be watching them like a hawk.