US inflation is projected to peak this summer and then decline in the falla Biden administration official said after the release of the CPI consumer price index data.
Key Comments:
“Most likely it will peak in the next few months. We’ll probably see the worst this summer, and (then) in the fall, things will probably start to get back to normal.“.
“From the perspective of putting your money where your mouth is,” it’s pretty clear what investors think. And the same is true of consumer surveys, business leader surveys, and professional forecasters. They’re all on the same page “.
On the US stimulus that puts more pressure on prices, the official said that “this is not stacking stimulus upon stimulus“.
“This is tackling a long-term problem for a longer time. This is a decade-long plan to solve 40-year problems“.
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