The massive oceanfront property in Manalapan will be the priciest home to ever sell in the state.

The Federal Reserve’s missteps in waiting too long to tackle the greatest run-up in prices in four decades has shaken trust across markets and the American public that it is up to the task of curbing inflation.

Major U.S. food suppliers and restaurants, including Kraft, Tyson and some McDonald’s franchisees, said they would continue to raise prices as they face starkly higher costs.

(Reuters) -Stubbornly hot U.S. inflation is fueling bets that the Federal Reserve will get more aggressive about trying to cool price pressures and even potentially ditch its own forward guidance by delivering a jumbo-sized interest rate hike in coming months. Fed policymakers had already all but promised half-point interest rate hikes at their meeting next week and again in late July, following May's half-point hike and the start of balance sheet reductions this month. On Friday, traders of futures tied to the Fed policy rate began pricing in an even bolder path after U.S. Labor Department data showed sharply higher food and record gas prices pushed the consumer price index (CPI) up 8.6% last month from a year earlier.

West Palm Beach, along with NDT Development and Place Projects, are working on development regulations to breathe life into an overlooked downtown district.