Global Macro Service > Research Briefings > United States

Inflation is unavoidable, but not uncontrollable

The US inflation debate has become excessively binary: runaway inflation versus no inflation. The most likely outcome is that after a spring peak, inflation will fall back while remaining above 2% for longer than at any other time over the past decade. By longer run historical standards, inflation is still set to remain relatively muted and a long way from spiraling out of control.

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