Central Banks Raise Rates and Warn of Further Increases Amid Persistent Inflation
- The Federal Reserve and other major central banks are likely to raise interest rates further to combat high inflation.
- While inflation has moderated since last year, it remains elevated and is embedded in economies.
- Higher rates are slowing housing markets and consumer spending, sparking recession fears.
- Mortgage holders and borrowers face significantly higher costs, reducing disposable income.
- Economic pain may be necessary to bring inflation to central bank targets.











































































































































































