Recovery leaves Americans confronting unfamiliar inflation risk
Recovery leaves Americans confronting unfamiliar inflation risk The Federal Reserve says a temporary period of higher prices represents just the latest twist in the coronavirus pandemicâs unprecedented bust and boom. David Lynch Save Share Widespread shortages and production snags are driving prices higher for many everyday items, as an uneven economic reopening leaves Americans facing the unfamiliar risk of inflation. With new cars in short supply, more consumers are turning instead to used models, driving up their prices beyond expectations. Bloomberg Most economists expect prices ...
Source: afr.com