- July 28, 2021
- Posted by: Stratford Team
- Category: Business
Belpointe chief strategist David Nelson, Gibbs Wealth Management President Erin Gibbs and Invest Diva CEO and author Kiana Danial break down today’s markets, cryptocurrency and this earnings season.
The International Monetary Fund warned on Tuesday that a recent inflation burst could prove longer lasting than expected, forcing central banks across the world to take action to address the rising cost of goods and services.
“Aftershocks from the pandemic upheaval of last year pose unique policy challenges,” the Washington-based organization said in its latest World Economic Outlook report. “Pent-up demand and supply chain bottlenecks are putting upward pressure on prices.”
In June, the Labor Department reported that consumer prices jumped 0.9% from May and 5.4% over the past year – the biggest increase in 13 years, fueling worries that a rapidly rebounding economy could lead to runaway growth.
FED BALANCE SHEET TOPS $8T FOR THE FIRST TIME
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