Key Takeaways
- Inflation has been much higher than the 2% target since early 2021.
- Though inflation is on a downward trend, it remains to be seen whether that trend will continue.
- The Federal Reserve seems committed to fighting inflation, even at the risk of causing a recession.
2022 has been a year of economic uncertainty. One of the major contributing factors to that uncertainty has been inflation. In the U.S., inflation has far outpaced the Fed’s typical 2% target since early 2021.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased