Latest update on the us economy

[Landson]

inflation in the United States has increased at its fastest rate in nearly 43 years. Prices are now almost seven percent higher than a year ago. Despite inflation hitting an almost 43-year high, U.S. stocks finished higher on Friday. Liu Baocheng, the dean of the Center for International Business Ethics at the University of International Business and Economics, shares his opinions on these issues.

 

[Setho]

During the pandemic the government actually injected a lot of money into the economy in the form of stimulus check for unemployment benefits. This means that they were already prepared to tackle the rising inflation on a large time frame and right now there has been a lot of talk about trying to raise taxes and also tighten the fiscal policy. This is why there has been a lot of uncertainty in the market in the past few weeks which has resulted in the depreciation in so many assets including cryptocurrency to a lot remains to be seen about what they are going to do.