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https://www.barrons.com/articles/economy-inflation-federal-reserve-51636757733

Inflation Has Run Hot for a Long Time. The Fed Knows It.

By
Lisa Beilfuss
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A grocery store in Los Angeles, California. Rising consumer prices in October surprised economists.

Mario Tama/Getty Images

Wall Street finally saw what America has been feeling.

The 6.2% year-over-year surge in consumer prices during October stunned economists, rattled investors, and likely horrified policy makers. It marked the fifth straight month that the consumer-price index exceeded 5%, and signaled the largest jump in consumer price inflation since July 1982.

While...

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