A woman shops at a Dollar Tree store where US$1.25 price tags are now posted on the shelves in Alhambra, California, on December 10. The store is known for its US$1 items, but prices have risen amid continued inflation. Photo AFP
A woman shops at a Dollar Tree store where US$1.25 price tags are now posted on the shelves in Alhambra, California, on December 10. The store is known for its US$1 items, but prices have risen amid continued inflation. Photo AFP
David Brown
Opinion

Opinion

Macroscope by David Brown

Higher interest rates loom as Federal Reserve faces the music on inflation

  • If the Fed succumbs to pressure to act quickly on curbing inflation, higher interest rates will emerge in the US and cascade across the globe
  • Even if gradualism wins the day, though, the days of easy money and low interest rates are almost certainly coming to an end

A woman shops at a Dollar Tree store where US$1.25 price tags are now posted on the shelves in Alhambra, California, on December 10. The store is known for its US$1 items, but prices have risen amid continued inflation. Photo AFP
A woman shops at a Dollar Tree store where US$1.25 price tags are now posted on the shelves in Alhambra, California, on December 10. The store is known for its US$1 items, but prices have risen amid continued inflation. Photo AFP
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