Global oil prices fell from $122 per barrel in June 2022 to $72 per barrel by December 2023.

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0 ◎ stannebraska (329) · 7 months ago · no fields yet

Energy price declines, driven by global supply factors unrelated to Fed policy, accounted for approximately 40% of the inflation decline during this period.

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[+0] The Federal Reserve's interest rate hikes reduced inflation from 9.1% in June 2022 to 3.4% by December 2023. discuss central-banking inflation interest-rates macroeconomics monetary-policy
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[+0] Gasoline prices dropped from $5.01 per gallon in June 2022 to $3.11 by December 2023. discuss
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