Opinion: Memo to the Fed: Focus on inflation, not the stock market - MarketWatch

1. Fed struggles to communicate effectively while managing inflationary pressures. 2. FOMC members are split on inflation forecasts and interest rates. 3. Recent inflation data shows rising service prices impacting economic stability. 4. Markets expect Fed to continue adjusting rates amidst inflation uncertainty. 5. Yields on 2-year and 10-year Treasurys increase, indicating investor skepticism.