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The major factor causing inflation to stifle US economy

From nzherald.co.nz

The Federal Reserve's latest nationwide business survey found that the economy strengthened further in late May and early June, despite supply-chain bottlenecks that led to price hikes. The Fed said Wednesday that seven of its 12 regional bank districts reported strong price increases with some businesses expressing concerns that the supply chain disruptions would push prices even higher. The US economy is rebounding strongly from the recession brought on by the coronavirus pandemic. That has led to a surge in people seeking everything from new cars to hotel stays, leaving businesses struggling to find enough ... (full story)

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  • Category: Fundamental Analysis