Survey Predicts Inflation Remains Sticky

“The road ahead for the U.S. economy looks like a two-lane highway: stubbornly elevated inflation in one lane, strengthened growth and employment in the other,” the Wall Street Journal reports.

“That is the consensus from 72 forecasters surveyed this month by The Wall Street Journal. The panel sees the Iran War’s effects on the economy contributing to a 3.4% rise in the consumer-price index in the 12 months through December even as economic growth remains just above 2% this year.”