Bidenflation: Bank of America Raises Its 2022 Inflation Forecast as Supply Chain Woes Worsen

Bank of America on Friday raised its forecast for inflation and moved up the date it expects the Federal Reserve will hike interest rates.

In their weekly update on the U.S. economy, the bank’s economists found wrote that “supply-side challenges in the US are likely to continue through 2022 and sticky inflation is also strengthening.”

Click the link below to read the rest of this story.

Back to top button