Until recently, inflation felt like a relic from the distant past ― something found in history books rather than daily headlines. But surging prices for everything from groceries to automobiles have made it a pressing issue for American consumers and Federal Reserve policymakers. But how big a concern is inflation? How long will it be with us? And can the Fed curb rising prices without jolting the economy or the stock and bond markets?

Capital Group Private Client Services portfolio specialist Ed Gonzalez was joined by Capital Group analysts Nafis Atiqullah and Struan Samson. Together, they examined the outlook for key industries, the potential impact on consumers and what it all might mean for your portfolio and your pocketbook.