By Yun Li, includes “… Inflation has begun to accelerate recently due to multiple factors, including increasing demand and struggles with some areas of the supply chain … Federal Reserve Chairman Jerome Powell reiterated last week that he expects inflation to show a temporary move higher then settle back to around the central bank’s 2% target. The Fed has resolved not to raise interest rates until the economy sees full, inclusive employment, so long as inflation doesn’t run too far above the goal.”
Read the full article on: CNBC