The persistent inflation that has plagued the global economy over the last two years has had multiple causes and phases. First, as COVID lockdowns were lifted, jammed-up shipping ports led to a frozen supply chain, which made many products scarce and essentially unavailable. Those supply chain concerns have now largely…
When will inflation peak?
The story of the market year so far in 2022 has been persistent inflation, and its impact on Fed interest rate policy. The Consumer Price Index (CPI) increased by 8.6% in May on a year-over-year basis, the highest recorded figure in more than 40 years. Increases in the price of…
