U.S. inflation draws concerns from investors, experts
© Provided by Xinhua MRB Partners estimated that aggregate inflation in the U.S. economy is now running at a 9 percent annual rate, which is about twice that of the core CPI inflation and the highest reading since 1980. The Fed s prevailing management framework for inflation is being questioned as experts worry it could not control inflation precisely or repeat policy mistakes.
by Xinhua writer Liu Yanan
NEW YORK, July 22 (Xinhua) Inflation in the United States is reaching decade highs, and drawing concerns from investors and experts as well as ordinary consumers, who believe the country s inflationary pressures are underestimated and the Federal Reserve s inflation management framework should be questioned.
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