By Sama Marwan,
The US economy continues to grapple with rising inflation rates, prompting discussions about potential interest rate hikes by the Federal Reserve.
Recent data shows that consumer prices have increased significantly over the past year, affecting everything from food to housing.
Economists are divided on the effectiveness of the Fed’s policies to curb inflation without stifling economic growth.
Moreover, supply chain disruptions and labor shortages are further complicating the recovery process.
Many businesses are struggling to meet demand, which could lead to prolonged inflationary pressures.
Policymakers are urging a balanced approach to navigate these challenges effectively.
