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The prominent economist Mohamed El-Erian said the Fed is still “behind the curve” on inflation.
Some signs are already flashing red. Job creation and consumer spending, though, are still chugging along.
There’s not much evidence to suggest that 2% leads to economic magic.
Though smaller than its previous three-quarter-point hikes, the move will further heighten the costs of many consumer and business loans.
Prices rose 7.1% in November compared to a year ago — less than expected.
Fighting inflation starts like a sprint, but it’s a marathon. And the last few miles are hardest.
In New England and other northeastern states where heating oil is a common fuel, it’s going to cost more to stay warm this winter.
It’s fallen seven of the last eight months.
Food companies say they’re dealing with inflation themselves.
The number of GoFundMe fundraisers for baby formula doubled, and requests for help covering gas and groceries also increased.
