Interest Rates: Inflation and People Shop

interest rates: High inflation increases the likelihood that the Federal Reserve will raise interest rates more quickly, according to CNN. When inflation rose faster than expected in January, stocks fell in a tailspin. It means people shop less, corporate profits are pinched and stocks are less valuable. But inflation is under control for now. Wages have been ticking up. And there's reason to believe it will remain relatively low throughout next year, said David Kelly, Chief Global Strategist for JPMorgan Funds. (news.financializer.com). As reported in the news.