Inflation just accelerated to 4.2%, its highest level in years, but the headline number only tells part of the story. In this episode, Mark Malek breaks down why rising prices, the Strait of Hormuz conflict, oil markets, and Federal Reserve policy are all connected. With Kevin Warsh heading into his first FOMC meeting as Fed Chair, investors may be facing one of the most difficult policy environments in decades.

Is this just an energy spike, or the beginning of a much bigger inflation problem?

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