Inflation Mania: 2 Growth Stocks Riding the Boom in Car Prices
Not only is inflation running hot, it's also the hottest topic of discussion among investors.
Rising prices on goods and services are a natural part of our economic system, but if they rise too quickly, it can disrupt consumer spending and slow the economy down. The Federal Reserve typically likes the inflation rate to hover around 2% per year, but in the 12 months ended in September, it rose by 5.4%. Some economists describe the rise as transitory, meaning it's being caused by short-term issues like supply chain disruptions from the pandemic. But there are concerns inflation might stay higher for longer.
Source Fool.com
