The Epoch Times
News Analysis
Consumer prices jumped 7 percent in 2021, the largest annual increase in nearly four decades. After months of increasing prices, the most pressing question now is whether inflation in the United States has peaked or not?
In the latest economic projections by the Federal Reserve, headline inflation is expected to retreat to 2.6 percent in 2022 and then 2.3 percent in 2023.
Wall Street analysts project four rate hikes this year from the U.S. central bank. As interest rates rise, so does the cost of borrowing, which will take some of the steam out of the economy.
