Top economists are warning Americans to brace for several years of high inflation at rates not seen in decades.
Inflation, of course, means the reduction of purchasing power for every dollar in your pocket — and it’s coming lightning quick.
“The Fed’s preferred inflation gauge — the overall PCE index, which includes food and energy prices — rose 3.9% in May, nearly double the central bank’s 2% target,” the Wall Street Journal reported . What are the details? The Wall Street Journal recently spoke to several prominent economists who relayed a grim forecast about the near future of the American economy.In […]
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