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Why everything is so expensive right now

Why everything is so expensive right now

Update: 2022-01-131
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Inflation has hit a 40-year high in the U.S., driving up the cost of everything from groceries to housing. As the Fed prepares to raise interest rates, here’s what to watch out for.


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In December, inflation hit a staggering 7 percent. That’s far above the Federal Reserve’s target, and Chair Jerome H. Powell says action is needed to keep the economy from sliding into a recession. Economics reporter Rachel Siegel breaks down the impact of record inflation and what the Fed plans to do about it.


Interest rates have hovered near zero since the start of the pandemic, but now the Fed is looking at a series of raises over the next few months. Personal finance columnist Michelle Singletary explains what that means for borrowers.

Comments (2)

Norma Byron

The podcast seemed to cut off in the middle of Michelle Singletary's sentence. Oops! What happened?

Jan 14th
Reply

ID20119596

I love the content, you’re both smart women, but darn it, you both sound like teenagers. Not the pitch of your voice, but the constant voice fry and likes and ending each phrase as though it was a question. I know it’s a generational thing but I had to stop listening.

Jan 14th
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Why everything is so expensive right now

Why everything is so expensive right now

The Washington Post