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":"1335e9e0801a870f20efd6f2a1996cc4","s":"f1445f6bd722f701"}
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