in the short term.ĪBC News, 23 June 2022 The Fed’s benchmark short-term rate, which affects many consumer and business loans, will now be pegged to a range of 1.5% to 1.75% - and Fed policymakers forecast a doubling of that range by year’s end. Marshall Heyman, Town & Country, 23 June 2022 While President Joe Biden is set to travel to Saudi Arabia next month, a prospective oil deal likely won’t help the U.S. Mike Finelli, Fortune, 23 June 2022 My having mastered the torch on my mobile phone suddenly provided an amusing short-term lifeline for the production. Phillip Molnar, San Diego Union-Tribune, 24 June 2022 However, in the short term, the cost of building EVs is going up as the demand for key materials increases and the supply remains challenged. Recent Examples on the Web: Adjective The economy will go into a recession, but the short-term pain of a recession should be less than erosion in our standard of living caused by runaway inflation.
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