US | The complicated path of the FED

Summary

In the United States, after more than a decade in which inflation was consistently below the Federal Reserve's (FED) target, it has risen to levels not seen in 40 years.

Key points

• Key points:
• Central banks face challenges the likes of which they have not had in decades.
• At the end of April, headline inflation stood at 8.3% at the annual rate, while the comparable figure for core inflation, which excludes the most volatile prices, was 6.3%.
• Right now China and Hong Kong are experiencing very high rates of infection which has led to the closure of some of their ports.

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