While it’s still early, the signs of emerging inflation are beginning to surface once again in the U.S. economy.
For many young folks, inflation may be a foreign concept. Even before the Great Recession took down global demand with stock and home prices, technology and globalization were eating away at inflation’s foundations.
For a look at more of the key developments, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on Sept. 30.
- Core consumer inflation has been on a slow, steady rise since July 2015, and it’s now in spitting distance of the Fed’s inflation target of 2.0%.
- One possible factor in the return of inflation: Job openings are the highest on record.
- A broad measure of global commodity prices is up 17% since January.
- Consumers’ inflation expectations have risen over the last two months.
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