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.”

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