Business 2022: Inflation, clean energy, healthcare changes | Business

Two of the biggest business news items nationally and locally in 2022 were the high inflation that drove up fuel, food and housing costs and the series of interest rate hikes initiated by the Federal Reserve in an effort to cool off the economy and get prices under control.While those issues impacted practically everyone in south Louisiana, there were other significant developments. A host of cleaner energy projects were announced during the year; if these developments all come to fruition, it could cause a major reshaping of the petrochemical industry that has formed the base of Louisiana’s economic foundation for decades. But don’t throw dirt on the state’s fossil fuel industry just yet — rising European and Asian demand for liquefied natural gas is…

Read more…