With inflation at its peak in the last 40 years, the Federal Reserve is expected to enact a more aggressive course of monetary policy with a 50-basis point increase to the federal fund rate in March. As per Fannie Mae, this is the first bold step in a series of interest rate hikes through 2023.
Also, the Russian attack over Ukraine could bring down U.S Economic growth by 1%. So Global Governments should take necessary measures to stop the war and to avoid more death due to hunger than war.
Read the full report here:
Growing inflation hitting Americans wallet
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