• Finance

    High Inflation in the USA during 2023.

    The US is currently experiencing its highest inflation rate in 40 years. This is putting a strain on household budgets and businesses, and it is also making it more difficult for the Federal Reserve to raise interest rates without causing a recession. Households Businesses Overall perspective:- The Federal Reserve is trying to bring inflation under control by raising interest rates. However, raising interest rates too quickly or too much could cause a recession. A recession is a period of economic decline, when businesses start laying off workers and consumer spending declines. This can lead to a further decline in economic activity and a spiral of economic decline. The Federal Reserve…