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Ralph Perrine -

Inflation and the US Economy

This week's inflation report showed higher than expected inflation in spite of rate hikes reinforcing expectations that the Fed will raise rates further.

HBR has a helpful explainer on the current strength of the US economy - manufactured goods are down, but services and experiences are going strong. Large portions of the economy at least in western/developed nations were already headed this direction. Covid and supply chain issues imposed temporary impacts but the longer trend persists.  

So what is going on?