Assessing Inflation Reduction Act’s Relevance, Impact on Inflation, Energy Prices

With the Inflation Reduction Act now law, Democrats walk away with a victory. At the time President Joe Biden signed it, Senate Majority Leader Chuck Schumer said it shows how “persistent” their caucus is. All the while, not a single Republican lawmaker voted in favor of it. The question remains: how will this law affect inflation and energy prices? Joseph Trevisani, a senior analyst at FXStreet with over 30 years experience in financial markets, offers his analysis.