Currency news in two major markets this week, the US and Europe, centers around inflation. Bloomberg reports a unique situation in the US, with utilities, gas and groceries’ prices rising at above 10%, unusual because these three categories don’t tend to all rise in unison. It’s also the first time we’ve seen anything like this since 1981. Gas is upto an average of $5/gallon and doesn’t appear to be making it's way back to normalcy any time soon.
What's the buzz in 2022 Week #23?
What's the buzz in 2022 Week #23?
What's the buzz in 2022 Week #23?
Currency news in two major markets this week, the US and Europe, centers around inflation. Bloomberg reports a unique situation in the US, with utilities, gas and groceries’ prices rising at above 10%, unusual because these three categories don’t tend to all rise in unison. It’s also the first time we’ve seen anything like this since 1981. Gas is upto an average of $5/gallon and doesn’t appear to be making it's way back to normalcy any time soon.