U.S. Inflation Is Highest in 13 Years as Prices Surge 5%

Gwynn Guilford  |  June 10, 2021

By Gwynn Guilford, includes “… The Fed expects the inflation rate to rise temporarily this year. A sustained, large increase in inflation could compel the central bank to tighten its easy-money policies earlier than it had planned, or to react more aggressively later, to achieve its 2% average inflation goal. … Kathy Bostjancic, chief U.S. financial economist at Oxford Economics, said the Fed intends for inflation to overshoot its 2% target moderately because that could be good for the economy.”

Read the full article on: The Wall Street Journal

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