A customer shops at Steve’s 9th Street Market in Brooklyn, New York, on May 12. Inflation has risen to a 13-year high of 5.4 per cent. Photo: Xinhua
A customer shops at Steve’s 9th Street Market in Brooklyn, New York, on May 12. Inflation has risen to a 13-year high of 5.4 per cent. Photo: Xinhua
Barry Wood
Opinion

Opinion

Barry Wood

Inflation, not a repeat of the ‘taper tantrum’, is the new enemy

  • The Federal Reserve must act to ensure stable prices. Global markets need to hear that rates are heading higher and that the US is determined to forestall inflation as it moves to restore financial stability

A customer shops at Steve’s 9th Street Market in Brooklyn, New York, on May 12. Inflation has risen to a 13-year high of 5.4 per cent. Photo: Xinhua
A customer shops at Steve’s 9th Street Market in Brooklyn, New York, on May 12. Inflation has risen to a 13-year high of 5.4 per cent. Photo: Xinhua
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