High inflation and efforts to tame it defined 2022 economy
At times, 2022 felt like the 1970s or early ’80s
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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 […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced...
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.