The Impact of Inflation and Recession on Poverty and Low-Income Households
November 30, 2022 Despite being described as “transitory” in early 2021, inflation has remained high since, even reaching a four-decade high of 9.1% over the summer of 2022. The Federal Reserve began taking action in response, implementing several interest rate hikes, with the latest short-term rate reaching 4%. Those increases have helped steady the inflation […]