Reported 1 day ago
Inflation is projected to exceed the Federal Reserve's 2% target for a fifth consecutive year, as the impacts of high inflation stemming from the post-pandemic economic recovery continue to affect household budgets and the broader economy. Starting in 2021, prices surged due to supply chain disruptions, elevated consumer demand, and rising costs. Despite recent declines in inflation rates, challenges remain as high interest rates struggle to fully curb ongoing inflationary pressures.
Source: YAHOO