This year has seen some of the strongest inflation forces in decades, touching everything from transportation to energy to your favorite summer BBQ meal. While the price of tomatoes may not have changed much, you can expect to feel inflation’s impact when stocking up on meat for your next cookout.
This brings up two important questions.
Not all prices are rising at the same rate, but the inflation that started in energy and food costs has become more broad-based over time. This leads our Goldman Sachs Asset Management colleagues to think that inflation may remain elevated in the near term, which may invite greater effort by the Fed to slow it down.
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