Inflation

“With inflation punishing consumers and threatening the economy, the Federal Reserve this week will likely signal its intent to begin raising interest rates in March for the first time in three years.” (AP News)

“Inflation jumped at its fastest pace in nearly 40 years [in December], a 7% spike from a year earlier that is increasing household expenses, eating into wage gains and heaping pressure on President Joe Biden and the Federal Reserve to address what has become the biggest threat to the U.S. economy… Biden and some congressional Democrats have begun to...