Shifting Fed Forecasts Fuel US Inflation Debate, Concerns Amid Pandemic Economy
Amid the nation's ongoing pandemic recovery, the Federal Reserve is forecasting a higher rate of inflation for this year than was previously predicted and the possibility of two interest rate hikes as soon as 2023. What is inflation, really? How does it work and what impact could its trajectory have on U.S. consumers, businesses and the country's overall economic standing in years to come?
