Global commodity markets track demand-supply positions across major countries in a forward looking manner, and at times assessment about shortfall in supply relative to demand in one single country could inflate international prices.
2 Again, these linkages, together with the benefits of enjoying a wide variety of goods and services, are the reason that economic policymakers – at the behest of the public – usually put heavy emphasis on job creation and growth. Along with price stability, maximum employment is one of the Congress’s two mandated objectives for the Federal Reserve.