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NEW YORK (AP) â The central question gripping Wall Street is whether the burst of inflation hitting the economy as it recovers from the pandemic is just temporary or the start of a real problem. The answer threatens to crack the stock market s incredible, record-setting run that began in March 2020.
Adding to the fog of the debate â and the uncertainty that has markets churning â is that more than a generation has passed on Wall Street since investors had any experience at all with high, long-lasting inflation.
What s clear is that the average cost of regular gasoline has jumped to $3.04 per gallon from $1.89 a year earlier. Used cars and trucks cost 21% more last month than a year before. Airline fares ascended nearly 10%.
High inflation? A generation of investors has never felt it
Stan Choe
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FILE - In this Tuesday, March 17, 2020, file photo, a trader works the floor at the New York Stock Exchange, in New York. The central question gripping Wall Street in spring 2021 is whether the burst of inflation hitting the economy as it recovers from the pandemic is just temporary or the start of a real problem. (AP Photo/Mark Lennihan, File) (Copyright 2020 The Associated Press. All rights reserved)
NEW YORK – The central question gripping Wall Street is whether the burst of inflation hitting the economy as it recovers from the pandemic is just temporary or the start of a real problem. The answer threatens to crack the stock market’s incredible, record-setting run that began in March 2020.
High inflation? A generation of investors has never felt it local10.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from local10.com Daily Mail and Mail on Sunday newspapers.