Yeah, I read market (especially tech) has been sucking, and one major concern is inflation. I've read that the Fed's top fear is inflation and so they watch it pretty carefully.
Somewhat unpredictable is what will $2T (or $2.5T) of jobs/infrastructure plus another future $2T will impact inflation. Beats me.
Quote:
Fed officials said they anticipate inflation of 2.4% by the end of this year — up from the 1.8% inflation rate they predicted in December. Excluding volatile food and energy prices, inflation is expected to be 2.2%.
For most of the last decade, inflation has fallen short of the Fed's 2% target. Prices of some goods are likely to jump more than that this year, especially when compared to the early months of the pandemic when prices were depressed. But Fed officials say any increase is likely to be temporary, and not a sign that runaway inflation is at hand. By 2022, inflation is expected to fall back to 2%.
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