Cycle Watch December 2021: Speed bumps don’t slow growth
December 17, 2021
Inflation is this year’s grinch as the Consumer Price Index (CPI) jumped to a 30-year high. Consumer spending has weathered the storm of higher prices, but inflation concerns are building even as wages surge. Faster inflation may pressure the Fed to tighten monetary policy earlier than expected. As it stands now, business expansion remains solid, yet persistent supply-chain issues are challenges to 2022 growth.
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