Shoppers at a Walmart store in North Brunswick, New Jersey, US, in July 2020. Photo: Reuters
Shoppers at a Walmart store in North Brunswick, New Jersey, US, in July 2020. Photo: Reuters
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Central bankers can no longer dismiss inflation concerns – price rises are everywhere

  • China seems alert to the threat but the US Federal Reserve and other major central banks in the West need to show more concern about rising prices
  • If consumers lose confidence in central banks’ ability to control inflation, they will seek higher wages and push prices even higher

Shoppers at a Walmart store in North Brunswick, New Jersey, US, in July 2020. Photo: Reuters
Shoppers at a Walmart store in North Brunswick, New Jersey, US, in July 2020. Photo: Reuters
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