3 reasons why inflation will still cool down — even through it's surged for longer than expected
. As the massive group ages further, their collective spending will soften and boomers will place less upward pressure on inflation.the lowest rate since the Great Depression
in 2020, the Census Bureau said in April. Much of the slowdown was powered by weaker family formation among young adults. Millennials have been slammed by two unprecedented recessions in the span of 15 years, leaving many with scarred finances. And growth is unlikely to rebound. The Brookings Institute forecasted in June that fertility rates will likely lag replacement rates for the foreseeable future,A sustained surge in inflation would require consistently strong demand.
at the end of 2016, according to a paper published by the National Bureau of Economic Research. Meanwhile, analysis from Pew Research shows middle-income and low-income Americans holding smaller and smaller shares of US wealth through 2016. Should the trend continue, more of the country's wealth will be saved by the richest Americans. That stands to dampen spending by the rest of the population and keep prices from soaring higher.Much of the higher inflation seen today comes from a worldwide shipping mess. A global energy crunch, factory blackouts, shipping delays, and port bottlenecks have strangled supply chains. At the same time,Demand is booming, but companies are struggling to shore up supply.
The White House called on companies including FedEx, Walmart, and UPS earlier in October to work 24/7 to ship orders and work through massive backlogs. Separately, the Port of Los Angeles announced on October 13 it would work around the clock to process container ships. More recently the ports of Los Angeles and Long Beach said they wouldThe cleanup, then, is underway. As shipping lines heal, supply is expected to bounce back and better match demand.
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