Leading central banks, especially the U.S. Federal Reserve (Fed), emphasize that they are determined to monitor increases in both producer and consumer price indices for a while.
However, global markets and economic circles follow increases in the producer price index, an indicator of cost inflation, and the increase in producer inflation is present in a significant number of G-20 countries.
Development first
The “Vitamin D” cure, which stands for “Development,” should be prioritized in order to save the world economy from the effects of the COVID-19 pandemic and to help national economies recover from the destruction caused by the global pandemic.
On the one hand, while some Fed officials made statements such as “we must be on the lookout for inflation,” the Fed’s inflation forecasts were revised upward, and the global markets negatively priced the interest rate hike forecasts of some members for…
