According to CoinMeta, David Rosenberg, the head of the market strategy research firm Rosenberg Research, believes that the Federal Reserve's stance will become more “hawkish” in the coming period. He pointed out that the Fed is still fighting against the “specter” of inflation that has gotten out of control since the COVID-19 pandemic, which will affect its current policy decisions. Rosenberg wrote: “The Fed still harbors resentment over its failure to accurately assess inflation as ‘temporary’ between 2021 and 2022. Considering that the Fed is closely monitoring the lagged effects of energy prices on other components of CPI, and is focusing on the ‘breadth’ indicators of inflation, we have every reason to expect that at the meeting on December 9th, the Fed will take ‘hawkish’ interest rate hike actions.”