FEATURED MARKET DATA

Is Inflation Transitory?
It seems inflation is on everyone’s mind. Consumers are seeing prices rise most everywhere – from the gas pump, to the grocery store and home prices. Year-to-date, CPI has risen 3.3% in 2021 compared to 1.2% in 2019 and -0.8% in 2020. Many members of the Federal Reserve are also talking about inflation risks. The base case for most economists is that rising inflation is transitory and related to supply-chain bottlenecks and low prior year comparables.

by Laura Fox