What is behind current inflation spikes?
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To fight historic levels of inflation, the Federal Reserve this week, once again, raised interest rates, its most powerful weapon against rising prices. The move was intended to slow demand, but there was also a psychological factor: If consumers become convinced that in ...
With prices on the rise in the U.S. economy, the Federal Reserve is expected to announce on Wednesday an increase in interest rates, essentially pouring a cold glass of water on the economy. Why would the central bank do that? The answer lies in the inflation crisis of t ...