Crafting headlines is notoriously challenging, particularly when trying to balance competing considerations and objectives.

With that important qualification in mind, it is improtant to note that America’s inflation challenge isn’t just about the gas pump.

The economy is now in its sixth year of inflation above the Fed’s 2% target. Moreover, with core inflation (which excludes food and energy) climbing towards 3% and (market and consumer sentiment) inflationary expectations flashing yellow, this is a now a complex problem that aggravates a multi-year affordability issue that hits low-income households the hardest.

#economy #inflation #affordability #markets