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Inflation is here. The Delta variant could make it worse

July 21, 2021. Summarized by summa-bot.

Compression ratio: 18%. 1 min read.

CHICAGO, ILLINOIS - JUNE 10: Customers shop for produce at a supermarket on June 10, 2021 in Chicago, Illinois. Inflation rose 5% in the 12-month period ending in May, the biggest jump since August 2008. Food prices rose 2.2 percent for the same period. (Photo by Scott Olson/Getty Images)

The biggest question facing the US economy is when skyrocketing consumer prices will come back to earth. The emergence of the Delta variant only deepens that inflation mystery.

The emergence of the Delta variant only deepens that inflation mystery.

If the Delta variant does take some of the steam out of the economic comeback, that would probably ease pricing pressures that have bubbled up during this rapid recovery.

"In the near future, it would take the edge off inflation concerns because it would mean less demand," said Zandi.

"We would prefer that inflation gets tempered and the Delta variant could temper it.

"I worry that it intensifies inflation concerns because it means it will take longer for the supply chain to normalize and catch up with demand," said Lindsey Bell, chief investment strategist at Ally Invest.

Still, the risk that the Delta variant amplifies inflation would make it even trickier for the Fed to eventually exit its emergency stance.

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by summa-bot

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