Temporary may well extend into 2022.
The outsize gains in US inflation measures that exceeded forecasts over the last four months have been borne out in recent corporate earnings calls, with many executives highlighting greater pricing power.
Inflation drumbeat reverberates on latest US earnings calls
Olivia Rockeman and Peyton Forte • • 4 min read
Fed Chair Jerome Powell told lawmakers last week that the primary drivers of the recent overshoot of inflation will subside.
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