Economist Calls for Calm on Inflation Talk: 'Everything Ultimately Will Settle Down'
By Suzana in Business
Updated 3 years ago
The U.S. Consumer Price Index for April rose 4.2% from the same period last year, its sharpest rise since 2008. The readings triggered sell-offs across global stock markets, as investors feared that the surge in inflation could prompt the Federal Reserve to alter its accommodative monetary policy stance. Fed officials...