EXPLAINER: Why US inflation is so high, and when it may ease


For months, many economists had sounded a reassuring message that a spike in consumer prices, something that had been missing in action in the U.S. for a generation, wouldn’t stay long. It would prove “transitory,” in the soothing words of Federal Reserve Chair Jerome Powell and White House officials, as the economy shifted from virus-related chaos to something closer to normalcy.
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https://www.thekangaroo-traveller.com/?p=408

Donald Torres