
Inflation: Is it Coming Back?
How it Could Impact You
Big Picture We continue to see evidence that decades of benign inflation is giving way to a new reality of higher inflation. Not necessarily runaway inflation, but higher than it's been. This is evidenced by higher commodity prices, crude oil, wages and costs overall. This is typical late-stage economic recovery behavior, but juicing the economy with a tax cut so late in the business cycle may exacerbate this condition, overheating the economy and providing a further boost in