Inflation's New Normal: A Warning Sign for the Fed The top economists' forecast suggests the US economy is heading towards a potentially sticky inflation scenario.
The projected 6% consumer price index (CPI) rate in the second quarter marks a significant departure from just three months ago, when the panel predicted a relatively tame 2. 7% gain.
This shift underscores the profound impact of recent global events on domestic prices. The war's aftermath has been a crucial factor behind this sudden spike in inflation.