US experts believe inflation will fall, eventually
CPI inflation surges above consensus forecasts, but economists expect a turning point soon
The US is experiencing inflation on a scale not seen for 20 years. Growing anxiety among consumers looks set to be reinforced after consumer price index (CPI) figures released today (July 13) surged above consensus estimates.
At the same time, there is growing anxiety among central bankers that inflation expectations will unanchor.
“Once inflation expectations become unanchored in this way, it is very difficult and economically painful to lower them,” said Federal Reserve governor Christopher
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