Worsening inflation will pressure Fed to keep raising rates
Worsening inflation will pressure Fed to keep raising rates
- October 12, 2022
- Eric Swanson, economics, AP, Yahoo Finance, Fortune, ABC News, Spectrum News 1, Oct. 12, 2022
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Until consumer demand slows further, forcing more companies to compete on price, costs for many goods will likely stay high, economists say. “There’s a saying in economics that prices go up like rockets and down like feathers,” said Eric Swanson, a former Fed economist who is now a professor at the University of California, Irvine. “You’re kind of seeing that a little bit.”
For the full story, please visit https://apnews.com/article/inflation-business-prices-consumer-aed3121e4d5e3ec37cf1591995f13ce0.
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