Federal Reserve interest rate hikes could continue as inflation climbs

The Federal Reserve is raising rates to cool down inflation and the Fenton Winery & Brewery is roasting turkeys. 

Ginny Sherrow, who owns the taproom and expansive wedding venue with her husband, Matt, said the price of deli meat went through the roof. It ultimately made more sense economically to stop buying deli turkey and start roasting the whole bird for the turkey and fontina sandwich on the menu.

It’s all about being as creative as you can to deal with the higher cost of ingredients, she said, and keeping prices in line as much as possible. 

“We can’t absorb it all or we won’t be sustainable,” said Sherrow, who notes that wages at the craft winery and brewery went up almost 20% in the last year. 


https://www.freep.com/story/money/personal-finance/susan-tompor/2022/05/04/interest-rate-federal-reserve-hike-inflation-us-2022/9553488002/

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