The Federal Reserve is now entering a monetary easing and rate cutting cycle in an environment of elevated inflation.
The last time this happened was during the 1970s, a decade that saw inflation spiral out of control.
Hyperinflation is inevitable then.
Euro-area inflation returned to single digits for the first time since August.
December’s reading came in at 9.2% with slower growth in energy costs behind the moderation.
#Europe#economy