Inflation Takes Hold Globally

"Inflation is grappling the world, in the European Union it's running at 4.1%, or two times as much as the central bankers say is an acceptable level. According to a recent article in the New York Times, Argentina’s inflation is running at 9.24%. Russia’s inflation rate is running at 15% and Japan’s 1.9% is an all-time high. There are different ideas on how to combat inflation so we will see how it all plays out with various Central Banks, but it's clear that interest rates are going to increase in most places, include America."