Inflation (Economics) – Page 35

How Long Will Interest Rates Stay High?

It’s pricey to borrow to buy a business, car or home these days. Interest rates are expected to fall in coming years — how much is up for debate.

The head of the powerful New York Fed said that it was an “open question,” and that rates could fall next year.

Employers added 187,000 workers in July, a slower pace than the recent norm, but “more sustainable,” one economist said.

Britain’s central bank raised rates for a 14th consecutive time as it warned that some risks from persistent inflation were “crystallizing.”

Economists had been wary of strong economic data, worried that it meant inflation might stay high. Now they are starting to embrace it.