Inflation All News Today

Everyone seems to have an opinion about where inflation is headed this year, especially in the wake of President Biden’s third dose of COVID-19 economic relief. The latest $1.9 trillion American Rescue Plan brings the stimulus total to a whopping $5.2 trillion, or about 25% of the Gross Domestic Product. Could these moves, which have increased the money supply by 27%, tip the scales of our seemingly recovering economy in favor of inflation? While individuals, families, and businesses have ...