Watch: Inflation remains stubbornly high despite Federal Reserve's efforts to stabilize costs
(youtube.com)
The latest inflation numbers are still above 8%, a 40-year high with prices rising for housing, medical care, new cars, air travel and more. It will almost surely mean another significant interest rate hike in a few weeks. Economist Diane Swonk of the professional services firm KPMG joined Amna Nawaz to discuss what's behind this persistent inflation.
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Francisco Gimeno - BC Analyst Global inflationary movements continue upwards. Some countries are better than others due to their financial practices, but in general the trend continues to be inflationary. Despite politicians telling us not even a year ago that inflation would be a short thing and by no means any percentage which could badly affect the economy, inflation is here. Despite the authorities stating that inflation is because of the European conflict, we know it started long before. And, even worse, despite what they say, the warning signs are coming into red now, and for some territories will mean a recession. But, why now? and what are the real reasons for this inflation in this convulse time? This podcast discuss this systematically. We are not surprised by its findings. Watch it.