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Inflation will linger near decade highs until the second half of 2022, Treasury Secretary Janet Yellen says

 
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Inflation will linger near decade highs until the second half of 2022, Treasury Secretary Janet Yellen says
US price growth will stay elevated until the middle of 2022, Treasury Secretary Janet Yellen said.
Inflation remains stubbornly high as supply shortages and the global energy crunch slam the US.
Still, price growth will cool and inflation won't spiral out of control like some fear, Yellen said.
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Re: Inflation will linger near decade highs until the second half of 2022, Treasury Secretary Janet Yellen says
Americans hoping price surges would soon cool off will have to wait at least a few more months, Treasury Secretary Janet Yellen said Sunday in an interview with CNN's Anderson Cooper.

The US economic recovery has generally taken a turn for the better. Daily coronavirus case counts are falling, consumer spending has remained strong, and the unemployment rate continued to decline in September. Inflation, however, remains worryingly high.

Price growth picked up in September, with the Consumer Price Index rising 0.4%. That exceeded the average economist forecast and snapped a two-month streak of slower growth. Where experts thought inflation would ease up into 2022, it's staying stubbornly high.

The near-term outlook isn't promising. The world's energy market remains a mess, and global supply chains are far from fully healed. The decade-high price growth will eventually slow down, but Americans will have to wait until the second half of 2022 to see a major change, Yellen told Cooper.
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Re: Inflation will linger near decade highs until the second half of 2022, Treasury Secretary Janet Yellen says
rofl5 no two weeks anymore, it has become a year.
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Re: Inflation will linger near decade highs until the second half of 2022, Treasury Secretary Janet Yellen says
I expect that to happen next year," Yellen said, referring to when inflation will slow. "On a 12-month basis, the inflation rate will remain high into next year because of what's already happened. But I expect improvement by the middle to end of next year."

Yellen pushed back against Summers' inflation fears on Sunday, adding the supply bottlenecks that have intensified price growth will subside in due time.

"We are going through a period of inflation that's higher than Americans have seen in a long time, and it's something that's obviously a concern. But we haven't lost control," Yellen said.
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Re: Inflation will linger near decade highs until the second half of 2022, Treasury Secretary Janet Yellen says
[link to www.businessinsider.com (secure)]
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Re: Inflation will linger near decade highs until the second half of 2022, Treasury Secretary Janet Yellen says
Jeffrey Gundlach says inflation will stay above 4% through 2022

Billionaire bond investor Jeffrey Gundlach said inflation likely will stay above 5% in 2021 and exceed 4% through next year.
Gundlach conceded that some price increases, such as lumber and some other commodities, are temporary, but said others are not.

Billionaire bond investor Jeffrey Gundlach said Friday that inflation in consumer prices likely will remain elevated through 2021 and stay above 4% through at least 2022.

Citing pressures from shelter costs and rising wages, the head of DoubleLine Capital told CNBC that he sees the current inflation run as non-transitory and instead likely to persist well into the future.

“We believe that it’s almost certain that 2021 will end with a 5-handle on the [consumer price index], and it’s going higher in the next couple of readings, thanks primarily to the price of energy,” Gundlach said on CNBC’s “Halftime Report.” “And we don’t think inflation is going below 4% anytime in 2022.”

His comments come with the CPI, which measures a broad basket of consumer goods prices, increasing at a 5.4% annual pace when including food and energy costs, the fastest in 30 years. The Federal Reserve’s preferred gauge, which measures personal consumption expenditures excluding food and energy, is at a 3.6% year over year pace, well ahead of the central bank’s 2% target.

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Re: Inflation will linger near decade highs until the second half of 2022, Treasury Secretary Janet Yellen says
rofl5 no two weeks anymore, it has become a year.
 Quoting: Anonymous Coward 78884360


bump
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Re: Inflation will linger near decade highs until the second half of 2022, Treasury Secretary Janet Yellen says
dollar is the World's reserve currency, so this is basically a hidden tax on the entire World, but the people are too stupid to understand that, hope that USA crashes ASAP for the better





GLP