Stubborn Prices Are Making Recovery An Uphill BattleBy
As if the recession weren't enough of a problem for the economy, you can now throw on another worry: inflation. Yes, oil prices have fallen, but inflation elsewhere continues to accelerate. Yes, inflation always declines in the wake of a recession, but until broader progress becomes evident, interest rates will remain high. That means an economic recovery will have a harder time getting off the ground, and even when it does, it might lack staying power.
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