The economy is incredibly robust right now. There's still a lot of pent up demand coming out of the pan people who've not taken trips for years, who want to do that kind of thing. You have a labor market right now, which is incredibly tight. So there is, you know, a goldilock scenario where they raise rates sufficiently to bring inflate down and they don't derail growth in the meantime. But how likely is it that they'll get it wrong? I mean, it feels like this isn't as unique a situation as, say, the pandemic, right?
Russia’s invasion of Ukraine has pushed global prices, which were already climbing, even higher. As America’s central bank raises its target interest rate for the first time in four years, we break down the challenges facing central bankers. In the fourth instalment of our French election series, we look at how the conflict has changed the race. And Russia’s seizure of the Chernobyl nuclear plant ends three decades of scientific research.
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