(MENAFN) In accordance to S&P Global Ratings, continuing inflation, supply chain issues and power values could cause salary inflation and force the Federal Reserve and other central banks to rise interest volumes sooner.
S&P agency as well stated "After a decades-long retreat, inflation is back. Prices are rising, often dramatically, for items such as oil, semiconductors, and vehicles," noting "Inflation strains are prompting some central banks to tighten, raising funding costs."
It added inflation is in a quick increase everywhere in the world, with worldwide request expansion surpassing supply development.
The agency also affirmed "Recent Fed signaling has prompted investors to speculate that the central bank may raise interest rates sooner and faster."
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