Economy / FinanceNorth America

Markets adjust to inflation and it’s going to hurt


Bank of America sees ‘transitory’ hyper-inflation ahead while ‘shrinkflation’ is already raising prices of basic items We were inflation bears before inflation was cool “Inflation Isn’t Coming – It’s Already Here,” April 19. A month ago, the comedy team of Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen still had the public hypnotized by the idea that inflation hadn’t yet bumped up against the Fed’s 2% target. Now we don’t know about anything but inflation, and Bank of America is talking about “transitory hyper-inflation.” For example: Mentions of inflation have soared in corporate reporting, and this is “pointing…

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