The zombie inflation

By
What a difference three months makes.At the end of 2023 and the start of 2024, it appeared that the US was on a glide path to what I termed “economic nirvana”: Growth would stay steady, if not spectacular, as inflation cooled off to a more manageable pace. This combination would not only let America continue its four-year expansion but also allow the Federal Reserve to ease up on its attempts to rein in the economy — and maybe even cut interest rates.The data released over the past couple of months has forced me to reconsider my expectations for that nirvana, or at least the timing of its arrival. Recent signs point instead to an inflationary boom: a slightly hotter economy in which growth has stayed strong while inflation has sped back up. The labor market has been resilient, with recent jobs reports mostly coming in ahead of expectations and the Employmen …

See the entire article on inflation, or, read more Arizona real estate investing news. It’s your call!