For those who actually want to know what's going on regarding inflation:
Supply chain problems are not just domestic, they're global and worse than feared. That, coupled with exploding demand coming out of the various degrees of virus lockdowns, is keeping inflation hot and troublesome.
Looks like this is still going to be a while.
The heads of the Federal Reserve, European Central Bank, Bank of England and Bank of Japan spoke on a joint panel Wednesday.
www.nytimes.com
Economic observers should heed the warnings now – rising prices and slowing growth are a very real threat
www.theguardian.com
The supply chain-induced headaches will likely last through next year, but it may be even longer before business and consumer demand is met.
www.marketplace.org