Business
Scott takes the position that the inflation spike upon us right now is still transitory as the Federal Reserve believes, but it is going to take longer than anticipated to moderate, probably sometime next year. So expect economic stories on this inflationary speed bump to be a regular occurrence in the media for quite a while. We will likely not settle back into the comfortable 1% to 2% inflation rate range of the recent past, but rather establish a new norm of 2% to 3% in 2022.