The FOMC believes inflation risks remain primarily to the upside and further tightening will be required, says William Lee. He discusses the fed and inflation in 2022. He talks about how the Fed will continue its tightening stance until inflation is convincingly on its way back to its 2% target. He then goes over if equity market rally prematurely, the resulting easing of financial conditions would have to be offset with higher interest rates. He also notes how China's reopening will impact the global economy in 2023. Tune in to find out more about the stock market today.