Americans still haven't felt the worst of the war on inflation, meaning 2023 will be 'survival of the fittest'

Dec 29 2022 by Business Insider

 

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The Federal Reserve hiked interest rates seven times during 2022 to fight inflation. But it takes time for Americans to actually feel the impact of those rate increases. This means businesses and consumers could be in for the worst in the new year.

When you adjust the faucet in your shower, there's often a lag of several seconds before the water temperature changes and you can feel the effects.

That's the "unfortunate situation" the nation's central bank is finding itself in right...

Continue Reading Americans still haven't felt the worst of the war on inflation, meaning 2023 will be 'survival of the fittest'