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":"e1fbecb0b61d94b00741388a75754e0e","s":"cda015e331c75a78"}
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