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Inflation Knows No Color, Except for Housing
June 16, 2022 | Report
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This is one of a series of insight papers drawn from our latest wave of research into Multicultural Consumers in North America. For more insights into this topic, please visit: https://www.conference-board.org/topics/multicultural-consumer |
The Fed’s “full and inclusive” employment mandate helped narrow employment gaps, especially for Black and Hispanic Americans. However, as the Fed hikes interest rates to tame inflation, some critics say that these same groups may get the short end of the stick. We counter that lower inflation benefits everyone, and that ethnic minority groups might even be able to capitalize on higher interest rates through lower housing costs.
AUTHOR
Dana M. Peterson
Chief Economist and Leader, Economy, Strategy & Finance Center
The Conference Board
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