Economics
U.S. Inflation Forecasts Keep Rising as Supply Constraints Loom
- Bloomberg survey shows upward revisions to inflation metrics
- Consumer spending forecasts reduced each quarter through 2022
This article is for subscribers only.
The supply constraints plaguing the U.S. recovery show few signs of dissipating any time soon, weighing on growth and stoking inflation.
Forecasters lowered economic growth projections for this year and lifted inflation expectations into 2022 across a variety of metrics, according to Bloomberg’s latest monthly survey of economists.