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
Opinion
Opinion
Macroscope
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
