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Demand issues account for one-third of U.S. inflation spike - SF Fed

Posted on AllSides June 23rd, 2022
From The Center
REUTERS/Andrew Kelly/File Photo

Only about one third of the current bout of high inflation in the United States is demand driven, according to research published by the San Francisco Federal Reserve on Tuesday, underscoring the difficulties U.S. central bankers face in bringing inflation to heel.

The Federal Reserve has ramped up the size of its interest rate hikes as it tries to reduce inflation back to its 2% goal, raising borrowing costs last week by three quarters of a percentage point to a range of 1.50%-1.75% as it seeks to cool demand across...

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