How should we think about inflation
Blog iconkido
Jul 28
Today I want to share inflation and interest rates. As everyone knows, inflation is very high now. June inflation was 9.1 percent, up from 8.6 percent in May and at a four-decade high. The main reason for high inflation is that the USA adopted the "American Rescue Plan" during the COVID-19 pandemic. It included an increase in the federal minimum wage, direct checks for Americans making $75,000 or less a year, an extension of $400 federal unemployment benefits, and more money for small busines...

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