With prices on the rise in the U.S. economy, the Federal Reserve is expected to announce on Wednesday an increase in interest rates, essentially pouring a cold glass of water on the economy.
Why would the central bank do that? The answer lies in the inflation crisis of the 1970s, when a failure to react quickly enough still looms large in the memory.
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Today
The Ukrainian Peace Plan Written by ... Russia?
<p>When President Trump’s peace plan to end the war in Ukraine was leaked last week, many felt as though Russia had written the proposal, and to a large degree, it reflected the Kremlin’s demands. The plan set off a global outcry that has forced American officials to revise their ... Show More
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The Autism Diagnosis Problem
<p>Once primarily limited to severely disabled people, autism began to be viewed as a spectrum that included children and adults far less impaired. Along the way, the disorder also became an identity, embraced by college graduates and even by some of the world’s most successful p ... Show More
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Why everything is so expensive right now
<p>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.</p><p><br></p><p>Read more:</p><p><br></p><p>In December, inflation hit a staggering 7 percent. ... Show More
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