April 22, 2021—My three-year-old son has a Hot Wheels racetrack—one of the tracks has a portion low and flat to the ground but then takes off at a steep incline before looping and twisting and returning back toward the ground-level section of track. Where the horizontal portion of the track meets the incline is a motorized gear system that acts as an accelerator and gives the matchbox car a speed boost to stay on the track as it inclines.
April 9, 2021Recent supply chain disruptions are likely to add to near-term inflation pressures by constraining the supply of goods and services in the economy, just as demand is set to bounce back.Longer-term inflation will remain dependent on the interaction of consumer and market inflation expectations, and the Fed’s new approach to monetary policy.
March 19, 2021—All’s quiet (for now) on the inflationary front. While we project a lift in the next few months, take it with a grain of salt, as the year-over-year comparison is to a pandemic-induced economic shutdown. Down the road, we anticipate higher inflation approaching 3%, but risk is to the upside—as we expect an improving economy and a largely vaccinated nation back in stores, with money in their pockets.