Inflation on the Rise: Brace for Impact as Prices Soar
Financial markets are worried about inflation increasing. The Federal Reserve has been raising interest rates to prevent this. Studies show that as economies grow, inflation tends to go up. In the current economic cycle, core consumer prices have been rising faster than before. If the economy grows too quickly compared to its capacity, prices will rise. The recent growth in the economy has been too fast, which could lead to higher inflation if not controlled.