Inflation: Understanding its Impact on the Economy
Tom Spencer
JANUARY 26, 2024
Since 2008, the rate of inflation in the U.S. Starting in 2021, however, America has experienced inflation rates of up to 9%. Inflation, which refers to a general increase in the price of goods and services, results in a reduction in the purchasing power of money over time. remained stable, at or below the Fed’s 2% target.
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