Inflation Jitters

Posted by Global Times

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While the combination of a massive fiscal stimulus and coronavirus vaccination campaign appears to put the US economy on track of a powerful recovery, several economic indicators issued recently have thrown the market into confusion, which may serve as an early warning that America’s re-opening may enter an unchartered territory.

Judging from recent statistics, there will be no shortage of surprises and cliffhanging moments in the coming months. The disappointing jobs report for April, which fell well short of economists’ estimates of adding 1 million new jobs, already had many wondering whether generous unemployment benefits issued by the Biden administration has led to hesitancy about taking a job.

Then came the big inflation scare… Click for the complete article