The COVID Inflation Scare
Central banks become concerned, and usually start tightening policy, when higher inflation fuels higher inflation expectations among consumers. Current trends suggest that US policymakers have more to worry about than their European counterparts.
https://prosyn.org/JoYHrYw
BRUSSELS – Consumer price inflation in the eurozone accelerated further in September to a 13-year high of 3.4% year on year, prompting a wave of alarmed headlines. Annual inflation in the United States stood at 5.3% in August. So, how concerned should European and US policymakers be about a possible prolonged inflationary surge?