The Fed’s long-term goal is the combination of maximum employment, while achieving the target inflation rate of 2%.
following the Covid-19 pandemic, resulting in the price pressures which has particularly affected energy and food prices.as a main driver of inflation, and the upward pressure on prices that it has caused is a ball and chain around global economic activity., who recently sent out an aggressive hawkish message over rising inflation, sslowing down the price pressure forces, in the hope that it will ensure that there is no long-lasting damage to the economy.
Source: Loan Digest (loandigest.net)
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