USA Inflation Hits 8.5%

[Economy 52,906]

https://www.bnnbloomberg.ca/u-s-inflation-quickens-to-8-5-ratcheting-up-pressure-on-fed-1.1751160

 

US inflation readings hit a new record high now at 8.5%

 

The US Central Bank (Federal Reserve) is now largely expected to start a more aggressive interest hike cycle possibly raising interest rates by 50 basis points in some meetings instead of the standard 25

 

The fed may also start quantitative tightening to remove liquidity from the system