NPR - There are still plenty of complaints as people continue to see housing costs rise rapidly. Even though supermarket prices have been stable for the last year, they’re up more than 25% since before the pandemic. The Fed is also keeping a close eye on the unemployment rate, which has been creeping up. The job market had been strong for a long time, which meant the Fed could focus on getting inflation under control. Now, it has to be careful that high interest rates don’t put more people out of work.
The Fed and the IUS Governmebnt will never let prices actually go down. Slow inflation to 2% a year, sure, but an actual drop in prices would be very hard on every person owing money. Money borrowed would be paid back with money that was harder to earn.
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