Until now, leaders of the Federal Reserve have done their best to hew steadfast to the narrative that the rising prices across the country that are causing families to cut back on spending, delay purchases and rethink their monthly budgets will soon fade away. But months of economic data have disproved—or at least delayed—that theory and Wednesday’s meeting showed the Fed is now accepting this reality. “The projections show that they’re coming to terms with inflation’s stickiness, which is something they weren’t necessarily expecting,” Gregory Daco, chief U.S.
Comment on Price Hikes Will Likely Continue Through the End of 2021, Fed Signals
Dion Rabouin, Time: Business
Wed, 09/22/2021 - 7:51pm
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