Explainer: Why US inflation is so high, and when it may ease
Explainer: Why US inflation is so high, and when it may ease
By PAUL WISEMAN | Associated Press
Inflation is starting to look like that unexpected — and unwanted — houseguest who just won’t leave.
For months, many economists had sounded a reassuring message that a spike in consumer prices, something that had been missing in action in the U.S. for a generation, wouldn’t stay long. It would prove “transitory,’ in the soothing words of Federal Reserve Chair…