Welcome to Fed’s New World of Inflation.
Get Used to Higher Inflation. My Thoughts on the Biggest Mess I’ve Seen in Decades (transcript).
Defying economists’ expectations for sixth month in a row, inflation heats up instead of easing off. And it’s a lot worse than it seems.
And the folks who experienced the high inflation of the 1970s and early 1980s as adults expect inflation to hit 5.7% in one year.
Get Used to Higher Inflation. My Thoughts on the Biggest Mess I’ve Seen in Decades.
All kinds of crazy spikes in used-vehicle wholesale and retail markets topped out, but by only a tad.
Disruptions “might linger for longer and might have larger or more persistent effects on prices and wages than they currently assumed.”
The used vehicle price spike will subside, partially, but the psychological aspects of inflation have set in.
What we’re looking at: Raging House-Price Inflation.
Inflation ate my homework?