Inflation rears its ugly head, again

Leases & LoansMoney MattersInflation
Written By Jennifer Joslyn

🫣 Inflation rears its ugly head, again.

The U.S. Federal Reserve’s latest interest rate hikes have good intentions… but the immediate effect feels like the opposite. NRF Chief Economist Jack Kleinhenz has reminded the public in a press release that there is almost always a delay in the sought-out results of these hikes and that it may take up to eighteen months to affect inflation. When the Fed raises interest rates, it becomes more expensive for individuals and businesses to borrow money. As a result, they may be less likely to take out loans and make big purchases, which can help to reduce demand and slow down the rate of price increases.

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Jennifer Joslyn
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