Tag: cost-of-living

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Bank of England Hikes Interest Rates in Bid to Battle Inflation
In an attempt to rein in inflation the Bank of England (BoE) on Thursday voted to raise interest rates to 0.25 percent from a record low of 0.1 percent, stunning economists who believed interest rates...
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Panic at the Fed: Interest Rate Increases Coming as Inflation Soars
On Wednesday Dec. 15, the Federal Reserve (Fed) lifted its forecast for U.S. inflation in 2022 to 2.6 percent, up from its prior estimate of 2.2 percent, sending signals that price pressures won’t dissipate for...
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Inflation in US Alarmingly High But Might Ease Next Year
Inflation in the United States is not showing any signs of abating. On Dec. 10, the Labor Department reported that consumer prices rose 6.8 percent in November compared to a year ago. This is the...