GRACELIN BASKARAN: Consumers step up use of credit cards as inflation outlook worsens
14 September 2022 - 16:21
I was walking down Pennsylvania Avenue in Washington DC this week when I winced on seeing the latest consumer price index (CPI) report showed US inflation had risen unexpectedly. Our hopes for linear improvement were dashed.
In most regards normalcy has returned to the US since the pandemic ended. Workers are back in offices, travel has resumed, crowds are filled with maskless faces. Yet, economically the consequences were multidimensional and interlinked...
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