Inflation is almost back down to pre-Covid levels but how have higher interest rates chang

How High Interest Rates Upended the Economy Two Cents

Premiered February 28, 2024
How High Interest Rates Upended the Economy

Unless you’ve been living under a rock, you may have noticed prices on the whole started to rise in response to the pandemic causing inflation. There was a similar hike in inflation back in the 80’s. In response, the government raised interest rates quickly and severely causing the nasty side-effect of a crippling recession. After peaking in June of 2022 at 9%, inflation plummeted back down to 3.

About the Program

Two Cents

PBS Digital Studios and the producers of It’s Okay to Be Smart bring you TWO CENTS, a new weekly series about personal finance for millennials and Gen Z.

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