Inflation ahead? Even a top economist says it's complicated
Inflation ahead? Even a top economist says it's complicated
By CHRISTOPHER RUGABER AP Economics Writer
WASHINGTON (AP) — Two months of sharply rising prices have raised concerns that record-high government financial aid and the Federal Reserve's ultra-low interest rate policies — when the economy is already surging — have elevated the risk of accelerating inflation.
In May, consumer prices rose 5% from a year earlier, the largest such year-over-year jump since 2008...
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