ECONOMY
THE SITUATION::
Help—It’s Inflating—It’s The Economy, Stupid;
When Will Inflation Ease; Here for the Long Haul;
How are higher prices affecting consumers?
Strong job market is boosting workers’ pay,
Though not enough to offset higher prices;
High Inflation is every wherein the World;
SOLUTIONS
No one knows for sure. Elevated consumer price inflation could endure
Prices are coming down;
Series of Fed rate increases appear to be working;
Fed launches an anti-inflation initiative;
Pay Increases & massive job changes;
STATS
Added a breathtaking 22 million jobs. Economic output plunged at a record-shattering 31 percent annual rate in 2020’s April-June quarter.
SOURCES
LAT THURS, 07 14 22
Why the U.S. inflation surge is accelerating, and when it may ease
Why is inflation still surging? Blame eye-popping gas prices.
https://www.businessinsider.in/policy/economy/news/why-is-inflation-still-surging-blame-eye-popping-gas-prices-/articleshow/92859420.cms
