Why the US Federal Reserve could lift interest rates by 75 basis points this week - The Australian Financial Review

Demand has been underrated as a driver of inflation. But now the US central bank realises it’s time to ramp up interest rates to tame spending.

Many economists now identify this resilient consumer demand as an important part of inflation, which hit another 40-year high last week. Unlike inflation driven by supply side disruptions, the Fed ca… [+2631 chars]

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