US Inflation Pressures Spread as Half of Prices Rise More Than 3%
JH Kim
Summary
- US inflation pressures are spreading across goods and services, the report said.
- About half of all goods and services in the US are now recording price increases of more than 3%.
- The direction of US inflation will be a key factor in determining the Federal Reserve's monetary policy path.
Forecast Trend Report by Period
Inflation pressures in the US are spreading across goods and services.
Cointelegraph, citing Bloomberg Economics, reported on September 3 that about half of all goods and services in the US are now recording price increases of more than 3%.
The data suggests inflation is no longer confined to a limited set of categories and is broadening across the economy.
The direction of US inflation will be a key factor in determining the Federal Reserve's future monetary policy path.
JH Kim
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