Federal Reserve Holds Rates Steady While Pescadero Bar Tab Inflation Reaches Record Highs
Federal Reserve officials announced they are holding interest rates steady as persistent inflation continues to plague the global economy. Down here in Baja, local expats shrugged off the macro data while debating whether 80 pesos for a fish taco constitutes a financial crisis. Meanwhile, nobody cared about the Fed's projections because the shoulder-high peelers at Cerritos are currently offering a much better yield than the S&P 500.