Inflation is running near its highest in four decades. The labor market has remained incredibly tight, although there has been a lot of interest rate increases,. In fact, there have been signs of rebounds in some parts of the economy. You put it all together, and the outlook is for inflation remaining too high for comfort.
Central banks face a painful tradeoff: raise rates too quickly and risk banking-sector instability. Raise them too slowly and risk continued high inflation. Our correspondent travelled to Kyiv to meet a woman who has rescued hundreds of wild animals. And reflecting on the legacy of a woman who changed British attitudes toward sex.
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