Incoherent energy policy worsens the inflation outlook ...Middle East

Most of the exit polls from the midterm elections found that, not surprisingly, the state of the economy — especially inflation — remains a top concern for most voters. Unfortunately, high inflation is likely to continue for the foreseeable future, despite efforts by the Federal Reserve to bring it down through higher interest rates and tighter money. Lingering supply side constraints, robust household balance sheets, and fallout from the Russian invasion of Ukraine make the Fed’s job even more difficult. As has been well documented, rising energy costs account for a huge part of today’s inflationary spiral. The price index for all forms of energy is up 20 percent from a year ago, whil

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Last updated : 16 Nov 2022 clock 05:37 PM

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Incoherent energy policy worsens the inflation outlook ...Middle East

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