The DealBook newsletter delves into a single topic or theme every weekend, providing reporting and analysis that offers a better understanding of an important issue in the news. ImageFresh data this week showed that consumer prices continue to increase at the fastest pace since 2008, and are moving up more rapidly than many economists, including those at the Federal Reserve, expected. When today’s fast inflation will fade, and by how much. Most policymakers say their best guess is that prices will settle down as businesses move past a summer burst and supply catches up with consumer demand. They also point out that global forces have dragged inflation lower for years.

Source: New York Times July 17, 2021 12:00 UTC