This means bakeries and other similar businesses remain left with no choice but to pass higher costs along to customers.
This year’s run with the bird flu stands as the worst run in seven years. Back in 2015, the bird flu caused 50 million birds to lose their lives. With this year’s comeback mirroring what happened years ago, many farmers are on edge.
Beating back the costs of inflation
During March, interest rates went up, courtesy of the Federal Reserve. In making this choice, the central bank claimed it would lead to a reduction of inflation in the long-term.
So far, that remains to be seen. However, economists have a different version of events that should concern Americans.
According to economists, the Federal Reserve’s interest hike could actually drive the economy into a recession before the end of 2023.
The Federal Reserve is saying otherwise; although, time will be the ultimate determining factor. One thing’s for sure; after all the ups and down the economy’s faced, the last thing it needs is a recession.
