2.11.21 Inflation or Reflation? That is the Question
The recession appears to be behind us in the United States, and the early stages of an economic expansion have been taking shape. There is a growing debate over whether an expanding economy, in conjunction with historic fiscal and monetary policies, may cause inflation to overheat. This begs the question, will we see a reflationary environment—where prices will merely normalize to prior levels—or outright inflation—where consumer prices begin to increase above trend?
Thursday’s consumer price index (CPI) release may have put some of those concerns about inflation to rest—at least for now. US CPI rose
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