This chart has a lovely little item called US INFLATION indicator.
As you can see, on this daily chart, it is showing the current rate of inflation at the bottom of the chart
Forecast figure was 6 with a previous of 6.4 - it has not been reached and yet, signs are that the FED will likely not raise interest rates again at the end of the month
From now till the 22nd March, we are all playing a guessing gae really. But The real question is what will happen to inflation now ?
It is a catch 22. do nothing to cap it and t will likely run riot, Cap it with raising Rates, and more Banks may collapse, not to mention smaller Firms
Maybe it is time for Banks to start thinking about simply cutting their Profit margins to enable companies to continue with lower bank rates and the governemnt maybe introduces Caps on prices ?
As you can see, on this daily chart, it is showing the current rate of inflation at the bottom of the chart
Forecast figure was 6 with a previous of 6.4 - it has not been reached and yet, signs are that the FED will likely not raise interest rates again at the end of the month
From now till the 22nd March, we are all playing a guessing gae really. But The real question is what will happen to inflation now ?
It is a catch 22. do nothing to cap it and t will likely run riot, Cap it with raising Rates, and more Banks may collapse, not to mention smaller Firms
Maybe it is time for Banks to start thinking about simply cutting their Profit margins to enable companies to continue with lower bank rates and the governemnt maybe introduces Caps on prices ?