Introduction With inflation rising and economic growth slowing, the Federal Reserve (Fed) faces the difficult task of curbing inflation without causing a recession. The Fed fights inflation with higher interest rates which reduce the demand for goods and services.…
Introduction After nearly four decades of a consistently downward trend, the consumer price index (CPI) in 2021 increased at the fastest rate since 1982, marking a clear reversal of the previous trend.[1] Although various economic disruptions related to the…