USA: Stagflation Here We Come!
Just when you think that the worst has come, been and gone, there will be more stuff hitting the fan in the very near future and that should serve as a lesson to the next head of the Federal Reserve that central banks don’t usually necessarily have the people in mind when they take things over and end up doing a pitiful job. But little reminders are just nudges in the ribs and there is a lot more needed than somebody elbowing the Federal Reserve of the United States right now.
Inflation is set to rise in the United States and that will be beset the people that have savings as well as drag the retirees down and create more hardship than is being experienced and endured by the people already today.
The Federal Reserve has been unable so far to bring about any form of positive inflation level in the US economy and the current inflation rate stands at 2%. But the economy is not growing enough and it is certainly not seeing worker salaries approaching anything near the increases in prices that are taking place. Prices are just outpacing salaries and jobs aren’t being created.