Finance & Business
POSTED BY: GWS Team
PUBLISHED: Jun 19, 22
Companies are dealing with supply chain interruptions more than two years into the epidemic, which are harming manufacturing and production deadlines and prices.
Food and gas costs have risen as a result of the Russia-Ukraine conflict, and the cost of products and services will continue to rise as long as consumer demand exists.
The headline inflation rate in March hit an all-time high of 8.5 percent, the highest 12-month increase in almost four decades.
Inflationary pressures are also likely to be a drag on economic development.
With inflation likely to remain high throughout the year, the Federal Reserve is taking a more aggressive approach to tightening monetary policy
"Inflation is going to happen in the long term," says Grace Yung, board ambassador for the Certified Financial Planning Board and managing director of Houston-based Midtown Financial Group.