Even before the latest inflation figures, the US numbers for October, the general consensus was that the Federal Reserve is going to start raising interest rates at their December meeting in the 15th and 16th of that month. Now that we’ve seen those inflation numbers barring any further surprises then we’re close to a stone cold certainty that rates will indeed start rising next month. It’s worth walking back a bit to see what the basic economic problem here is.
Read Full Article »
