- June 19, 2021
- Posted by: Stratford Team
- Category: Business
Yes, there is inflation. Yes, it’s going to last for a while.
Federal Reserve and Treasury officials tell us that the rise in prices we’re seeing will be temporary. Most economists are predicting modest inflation from anywhere between 2 and 5 percent during the coming months. We’ve already seen spikes in both consumer and producer prices. But the markets don’t seem to be panicking — yet. And no one in charge seems to be veering from their course, despite congressional pressures and media attention.
“Demand and supply is driving inflation,” Mark Zandi, the chief economist at research firm Moody’s Analytics told me in a recent podcast interview that covered various areas of the economy and how it affects small business. “Demand is coming up because the economy’s coming back to life. Supply is constrained because of the pandemic. It’s trying to catch up.”
Simple, right?
For most of my small business clients, this isn’t a surprise. You can’t…
