Officials at the Fed and in President Joe Biden’s administration say they expect the supply-chain bottlenecks that have stoked inflation to begin to ease later this year as the economy fully reopens. But housing-driven inflation could also start to rise as higher rents slowly cycle into the official tracking of price increases, a process that
Tag: threatens
WASHINGTON — If a tree falls in a Canadian forest and a logger has to drive 16 hours to haul it out, does it crush the U.S. president’s economic agenda? That improbable question may be on the minds of some in Washington as skyrocketing prices of lumber to used cars to corn seed have emerged