Rates have soared since we opened the doors to 2022 and are completely in-line with our expectations. The Covid-19 pandemic continues to disrupt supply chains and create a shortage of goods and materials throughout multiple sectors. Prices for autos and other durable goods have been the cornerstone of the inflation surge and have created an imbalance of supply and demand. Unlike the early 1980’s stagflation, we knew these numbers were on the way. The Federal Reserve has been quite transparent on these struggles and most analysts have already baked in the inflationary pressures. We anticipate inflation to cool this year as supply/demand bottlenecks are projected to ease. The Omicron variant is doing its best to make these numbers worse before we get relief.
Attached is the latest post from our partners at LPL. A quick read and historical look back to 1982 and the CPQI journey since that time.
Hope you are enjoying the start of the new year. We wish you and your family a healthy and prosperous 2022.
Cheers!
Jay
Click here for LPL Research Article: Inflation Soars, Market Soars
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