6.5K views · 26 reactions | Federal Reserve Chair Jerome Powell said “more good data” would strengthen confidence that inflation is moving down toward the US central bank’s 2% target, and recent readings point to “modest further progress” on prices https://trib.al/y9tOZhY | Bloomberg | Facebook

As the Bank of England announces its biggest interest rate hike in 27 years, LSE's Dr Kate Summers explains why low- and middle-income households have much less wiggle room to navigate the effects of inflation. 🔴 Explore our dedicated hub showcasing LSE research and commentary on the state of the UK economy and its future: https://www.lse.ac.uk/Research/UK-economy #costofliving #interestrates #inflation #economics #UK #economy | The London School of Economics and Political Science - LSE