Upward pressure on prices is broadening beyond the goods and services that were directly affected by the Covid-19 pandemic. Price increases for fuel, cars, food, apparel and medical care vary widely.
December 19, 2021Erin SlifkaComments Off on Fed Officials Offer Clues on Rate Outlook in First Appearances Since Policy Meeting
In their first public comments since the Federal Reserve monetary policy meeting this week, some central bank officials on Friday talked up the prospect of raising their now near-zero short-term rate target over the course of the new year.
Many developing countries have responded aggressively to the acceleration in inflation, taking steps that are only now being contemplated by richer ones. This week, Russia and Mexico were among several nations announcing interest-rate rises.