October 2022: Inflation Is Raging

It's October 2022. Inflation has been running near a 40-year high — September's reading came in at 8.2% year-over-year. The Federal Reserve has been raising interest rates aggressively all year, including multiple 0.75% hikes, to try to bring inflation down. The stock market has been falling for months. You're managing a $100,000 virtual portfolio.