See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

Ignore ‘hysterical people’ — inflation is not here to stay, economist says

Posted on AllSides November 17th, 2021
From The Center
David A. Grogan | CNBC

A breakdown of the latest U.S. data indicates that inflation is confined to certain sectors and will not pose a threat to the recovery, according to Carl Weinberg, chief economist at High Frequency Economics.

U.S. CPI inflation came in at an annual 6.2% in October, its steepest climb for more than 30 years.

Energy, shelter and vehicle costs led the gains, which more than wiped out the wage increases that workers received for the month.

The persistent high inflation and continuation of pressures such as supply chain bottlenecks have led many...

Read full story
Some content from this outlet may be limited or behind a paywall.

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right