15 Jun 2023
US Headline Inflation: What’s happening?
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
COVID-19, printing money and the Ukraine war have all conspired to drive inflation up but raising interest rates have brought rising inflation to an end.
Click for chart.
This is why Jerome Powell, Chair of US Federal Reserve did not increase interest rates over night in the United States.
Does that mean that rising interest rates are over?
More likely than not is the correct answer because it is not possible to know the future with certainty.
Pausing raising interest rates is good news for growth asset prices which continue to rise from their 2022 lows.
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