Inflation Bombshell
How will we recover from this?
Americans’ inflation fears surged once again in March as more people than ever are worried about rising prices which have hit the highest levels in over a decade. This new discovery was made the key Federal Reserve Bank of New York.
According to Fox, on average it is expected that that the inflation rate will rise 6.6% in exactly one more year. This will top the 11-year-high recorded in February.
“Median inflation uncertainty—or the uncertainty expressed regarding future inflation outcomes—increased at the short-term horizon, reaching a new series high,” the Federal Reserve Bank explained. “At the medium-term horizon, median inflation uncertainty remained unchanged at a series high.”
Furthermore, as consumers prepare for inflation to rise, experts believe key goods and products such as gasoline, food, medical care, rent and college tuition will continue to get more expensive for the American people.
