For the first time in a long time, concerns about inflation are intensifying as the economy strengthens. Even rate changes could be on the table as former Federal Reserve chair and current Treasury Secretary Janet Yellen said that interest rates might need to rise.
As Bank of America pointed out in a recent research note, mentions of inflation on earnings calls are up 800% year over year. Higher prices of raw materials is pushing up the cost of food at the grocery store too.
This level of…
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