Retail
January 19, 2022
Rising prices have only added to inflation worries, and consumer attitudes and purchasing behaviors are starting to affect luxury buyers worldwide. Image credit: Shutterstock
By Adina-Laura Achim
Right before the holiday season, Federal Reserve Chair Jerome Powell shifted his position on inflation, saying during a congressional hearing that it is time to retire the word “transitory” when talking about inflation.
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","iv":"0d816ecf6215e8c168a6bae988257cc9","s":"8112a7c14b7e800e"}
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