In this month’s issue of The Real Economy, we look at the far-reaching impact of inflation and global turmoil on consumers and the middle market. Our chief economist, Joe Brusuelas, offers his outlook on interest rates, and discusses price controls, which have been used in the past but are not a viable option this time around. Also, our U.S. economist, Tuan Nguyen, spells out three factors that businesses should consider before raising prices amid high inflation. RSM analyst Mike Graziano looks at the changing consumer landscape. Finally, we have a focus on ESG, with practical advice about the importance of innovation, and why companies need to improve ESG reporting standards.