Biden’s America: Inflation Now at Highest Level in Over 10 Years – Nwo Report

https://nworeport.me/2021/10/22/bidens-america-inflation-now-at-highest-level-in-over-10-years/

Source: Daniel Newton

A key measure of the market’s inflation expectations has exploded amid concerns the Federal Reserve will not be able to bring rising prices back to its 2 percent target.

The gauge known at the 10-year break-even rate suggested that bond market investors expect the consumer-price index will soar by an annual average of 2.62 over the next decade, the highest since 2012.

The five-year break-even inflation jumped to 2.86, which is the highest since 2005.

There are now supply chain disruptions, port congestion, driver shortages, and labor shortages which are all contributing to the inflationary pressures…