"As we came into the inflation cycle, the Fed kept saying, “This is temporary. It’s going to go down. It is supply chain-related.” They shifted their stance and said, “It’s a little worse than we thought. It’s going to be longer than we thought.” They are still saying, “By the second half of 2022, we should have this back under control.” That might be a little optimistic. If you look at the underlying drivers, you have wage growth at about 5.5%, energies up 32% on a year-over-year basis, home prices are up to 15.5%, and construction is 17.5%. Producer Price Index came out and it’s up 11.2% on a year-over-year basis."
Here's a short clip of John Chang sharing his take on inflation for the next few months on Invest Like a Billionaire episode 32. Watch the full episode for more info!
Listen/watch/read the full episode here - https://aspenfunds.us/podcast/are-we-headed-for-recession-john-chang/
Listen on any podcast platform - https://anchor.fm/invest-like-a-billionaire
Learn more about Aspen Funds - https://aspenfunds.us/
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