Wayne Shumar News Today

WASHINGTON — For the economy, 2022 was a throwback year. And not in a good way.

At times, it felt like the 1970s or early '80s. Inflation running rampant. The United States and its European allies engaged in a not-so-Cold War with Russia. A bleak outlook leaving people feeling sour and anxious. It wasn't supposed to turn out like this.

For the economy, 2022 was a throwback year. And not in a good way.

In their honesty about what it will take to tame inflation, the world’s central bankers have helped keep consumer expectations aloft.

For the economy, 2022 was a throwback year. And not in a good way. At times, it felt like the 1970s or early ’80s. Inflation running rampant. The United

At times, 2022 felt like the 1970s or early ’80s

<div class="at-above-post addthis_tool" data-url="http://www.metro.us/high-inflation-and-efforts-to-tame-it-defined-2022-economy/"></div>WASHINGTON (AP) — For the economy, 2022 was a throwback year. And not in a good way. At times, it felt like the 1970s or early ’80s. Inflation running rampant. The United States and its European allies engaged in a not-so-Cold War with Russia. A bleak outlook leaving people feeling sour and anxious. It wasn’t […]...

U.S. inflation, an economic afterthought for decades, returned in 2022 with the relentless rise in prices devouring workers' pay and putting American consumers in a foul mood.