Of all the drivers behind the dramatic rise in U.S. inflation in the past year, perhaps the most acute is the surge in energy prices. It may also be among the most persistent.
The consumer-sentiment index and the consumer-confidence index both try to measure the same thing: consumers’ feelings. WSJ explains why the Federal Reserve is keeping a close eye on consumer confidence in 2022. Illustration: Adele Morgan
High prices for electricity and fuel are likely to put continued pressure on inflation in coming years, forcing central banks to keep interest rates higher than otherwise.
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