Like the 1970s, the central bank was caught off-guard by sudden spike in inflation, putting it behind curve in its fight against today's inflation.
If you follow markets news, you've probably seen a few hundred headlines this year.
A rising number of firms are taking steps to mitigate the commodities exposure within their business in the face of persistent inflation.
Sam Bankman-Fried founded the cryptocurrency and derivatives exchange FTX in 2019, and it quickly has become the sixth-largest exchange by volume.
Bond market pricing in sharp deceleration in inflation over next year, as aggressive tightening by Federal Reserve to counter steep surge in prices.