Economics
Add Services Inflation to the Fed’s Headaches
- Health insurance costs rise most ever; housing market heats up
- Meanwhile, hoped-for fade in goods inflation isn’t here yet
This article is for subscribers only.
There’s been a hope in economic and policy circles that inflation would cool once Americans got back to spending more of their money at restaurants, hotels and other service industries -- and less on stuff like clothes or gadgets that have gotten caught up in the global supply-chain mess.
That thesis is starting to look shaky.