“Inflation is reaching a crescendo because of not only what’s happening in Ukraine, but also what happened in the past, such as massive government stimulus and the Federal Reserve printing money,” said Sung Won Sohn, a finance and economics professor at Loyola Marymount University in Los Angeles. “We should expect a half a point rate increase next month.”
Source: Reuters
Gasoline Seen Boosting U.S. Consumer Prices in March