Brace for Higher Inflation!

Americans should brace themselves for several years of higher inflation. With today's Americans for Limited Government Minute, I'm Catherine Mortensen. That's according to top economists surveyed by the Wall Street Journal. They expect the robust post-pandemic economic recovery to fuel brisk price increases for a while. The survey found economists forecast an average annual increase of two-point-five-eight percent over the next two years, putting inflation at levels last seen in 1993. Higher inflation for several years would ripple through the economy in various ways. Consumers could find their household budgets squeezed. Higher borrowing costs could weigh on stock values and could crimp growth in interest-rate-sensitive industries like housing. Higher inflation can also make it harder for businesses to plan longer-term investments. This is further evidence that the economy does not need Joe Biden's massive so-called infrastructure spending bill -- that would just add to the rising inflation. For more check us out at the DailyTorch.com

Subscribe to our free newsletter: https://dailytorch.com/subscribe/

Americans for Limited Government: https://getliberty.org
Daily Torch: http://dailytorch.com
Facebook: https://facebook.com/AmericansForLimitedGovernment/
Twitter: https://twitter.com/LimitGovt and https://twitter.com/Daily_Torch
Parler: https://parler.com/profile/LimitGov
Rumble: https://rumble.com/c/AmericansforLimitedGovernment
YouTube: https://www.youtube.com/channel/UCtHQIheJUwH2dr0pG198z9Q
Instagram: https://www.instagram.com/americansforlimitedgovernment/