Welcome Back 4% Inflation
US inflation is set to rise back above 4%, but this isn’t the post-COVID boom all over again. With wage growth slowing and no fiscal support coming, households are increasingly being squeezed.
If today’s US inflation report is in line with consensus expectations it’ll mark price growth over 4% on a year over year basis for the first time since the spring of 2023. This move up shouldn’t be…
