40-Year High Inflation Prompts Fed to Raise Interest Rates for the Economy

Nationwide, inflation of goods has been sweeping American markets and other countries mainly because of the pandemic supply shortages.

Nationwide, inflation of goods has been sweeping American markets and other countries mainly because of the pandemic supply shortages related to stock / reserves inventory and unprecedented labor shortages across multiple industries. The rising inflation is also due to the excessive government spending stemming from pandemic relief funds, supply shortag…