Price Pressure: Sunak Feels Heat Over Inflati...
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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 ...
Fresh data from the U.S. government on Wednesday showed that inflation was still climbing at a rapid pace, prompting President Biden to say that controlling the rising prices was his “top domestic priority.” But not everybody experiences inflation equally. Why is that?</ ...