Rising Inflation Looks Less Severe Using Pre-Pandemic Comparisons

“As consumers deal with starkly higher prices than a year ago, the Federal Reserve has maintained its stance that high inflation, the increase in the price consumers pay for goods and services, isn’t expected to last very long.

The Fed tweaked its outlook and now expects to raise interest rates by late 2023—sooner than previously anticipated—noting progress in economic activity and employment.” Continue reading.

(Source: Wall Street Journal)
3-minute read.