Fed Takes the Lead in Critical Stage of Global Inflation Battle

The world’s major central banks are approaching a critical juncture in their fight against inflation, with the route they ultimately choose set to impact the economy for years to come.

Their choice is between trusting that the most aggressive tightening in four decades will be enough to damp price pressures that have only just started to ease, or to keep going to insure against concerns that 2% inflation targets are a thing of the past.

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