Aug.25 — Thomas Peterffy, the billionaire founder of Interactive Brokers Group Inc., joined a growing number of investors warning that the Federal Reserve’s unprecedented stimulus will stoke inflation. He speaks with Bloomberg’s Taylor Riggs and Sonali Basak on “Bloomberg Markets.”
In This Story: Inflation
In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.