Navigating Inflation and Supply Chain Woes

This chapter examines the recent surge in consumer prices in the US, attributed to recovering oil prices and supply chain challenges, particularly in key industries like used cars. It discusses the labor market's complexities, highlighting low job creation alongside a high demand for labor, and the impending reactions from central banks regarding interest rates. Additionally, the chapter explores the global implications of rising production costs and supply bottlenecks as economies reopen post-pandemic.