Wages are rising fast, but not as fast as prices. When inflation expectations drive workers’ demands for higher pay, inflation can spiral out of control.

All major indices are down for the year. That’s probably something the Fed isn’t all that mad about.

The Fed intensified its fight against the worst inflation in 40 years on Wednesday and signaled further large rate hikes to come.

Mortgage rates, for example, probably already have the Fed hikes built in.

Many have been on a borrowing spree through the past two years of low rates.

The Fed recently hiked rates by 25 basis points, and plans to raise rates several more times this year alone.

While some major central banks tighten monetary policy to fight inflation, the Bank of Japan is taking a very different approach.

“A look at the record shows that the Fed often stumbles in its efforts to save the day,” says Ben White, chief economic correspondent at Politico.

We don’t know. But the Taylor principle says rates should increase at least to the level of annual inflation to control rising prices.

Raise prices? Order more inventory, or less? Business owners describe how they’re dealing with dramatic changes in market conditions.