Inflation Is Set To Rise. Here S What That Means For Your Finances
Since the coronavirus pandemic set in, central bankers have rolled out many of the tools in their arsenal—cutting interest rates, supporting liquidity—and for the moment inflation is relatively inactive. In the current state of the economy this can’t last. The Fed’s balance sheet has rocketed to more than $7 trillion since march, and is up by around $3 trillion. It is now more than a third of US GDP and estimates put it close to $10 trillion by 2021....