ValiantCEO
  • Interviews
  • Business Wisdom
  • Tech & Business
  • Business News
  • Economy
  • Community
  • Login
No Result
View All Result
ValiantCEO
No Result
View All Result
valiant
No Result
View All Result

Inflation Climbs at Fastest Pace in 30 Years as Supply Chain Snarls Linger

Jarvis Dobrik by Jarvis Dobrik
January 5, 2025
in Economy
Inflation Climbs at Fastest Pace in 30 Years as Supply Chain Snarls Linger

[ad_1]

It is “frustrating to see the bottlenecks and supply chain problems not getting better — in fact, at the margin, apparently getting a little bit worse,” Jerome H. Powell, the Fed’s chair, said while speaking on a panel on Wednesday. “We see that continuing into next year, probably, and holding inflation up longer than we had thought.”

Phil Levy, the chief economist at the logistics firm Flexport, said his company expected supply chain issues to begin easing next summer at the earliest. But as labor issues bubble up at long-overburdened ports, that could take even longer.

And in the near term, trouble finding shipping space could translate to shortages of toys and trinkets during the holiday season, causing companies to lift prices to make sure their supply lasts, Mr. Levy said.

“Ports are under strain, with ships backed up. We are short on truckers. We have warehouses that are packed full,” he said, later adding: “There was a sense a year ago that this would be a short-lived thing — there would be a craze, a squeeze, and then it would let up. The interpretation of ‘transitory’ has changed.”

While central bankers have long expected price gains to slow down, their guesses at how quickly that moderation will happen have been increasingly glum. In their latest economic projections, Fed officials forecast that the Personal Consumption Expenditures index will average 4.2 percent in the final quarter of 2021 — up from 3.4 percent in their June estimates — before declining to 2.2 percent by the end of next year.

Updated 

Oct. 1, 2021, 9:18 p.m. ET

The Fed aims for 2 percent inflation on average over time, though it is happy to tolerate higher periods as long as they are not expected to last.

Today’s price problem is a surprising one. Central bankers across advanced economies had spent most of the last decade wrestling with too-low, rather than too-high, inflation. That’s one of the reasons officials expect price gains to cool — once the pandemic shock recedes, long-running forces like population aging and technology should dominate.

[ad_2]

Source link

Previous Post

How Does the Economy Work? A New Fed Paper Suggests Nobody Really Knows

Next Post

U.S. and Europe Announce New Trade Cooperation, but Disputes Linger

Jarvis Dobrik

Jarvis Dobrik

Valuer | Photographer | Writer Motivating the world through Entrepreneurship and Self-Growth Quality over quantity.

Next Post
U.S. and Europe Announce New Trade Cooperation, but Disputes Linger

U.S. and Europe Announce New Trade Cooperation, but Disputes Linger

Leadership Highlights

ValiantCEO Logo
Facebook-f Linkedin-in Twitter Instagram

Contact Us

[email protected]

© 2025 ValiantCEO - All rights reserved

  • Business News
  • Business Wisdom
  • Interviews
  • Community
  • Tech & Business
  • Economy
  • Business News
  • Business Wisdom
  • Interviews
  • Community
  • Tech & Business
  • Economy
  • About us
  • Cookie Policy
  • Editorial Policy
  • Privacy & Policy
  • Contact
  • About us
  • Cookie Policy
  • Editorial Policy
  • Privacy & Policy
  • Contact

Newsletter Sign Up

Our biggest stories, delivered to your inbox everyday.

By signing up you agree to our User Agreement , our Privacy Policy & Cookie Statement and to receive marketing and account-related emails from Valiant CEO. You can unsubscribe at any time.

No Result
View All Result
  • Interviews
  • Business Wisdom
  • Tech & Business
  • Business News
  • Economy
  • Community

© 2021 valiantceo

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In