Inflation is higher in America than it is in Mexico, and yet the Federal Reserve maintains a fed funds rate of 0%
With CPI data showing a 7.5% jump in prices in January, inflation is at its highest level since 1982. Food prices were up 20% year-over-year, while rent and energy prices were up 10%-20% and 40%-50%, respectively. Yet instead of tightening monetary conditions in the face of rising inflation, the Fed is still easing, having bought about $200 billion worth of bonds over the past month
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