Don’t depend on inflation to return down anytime shortly, says Ellen Hazen, chief market strategist at FLPutnam.
“We predict that inflation has more than likely peaked and can most likely be declining in the direction of the rest of this yr,” Hazen suggested Yahoo Finance Reside. “The rationale for that is that companies have every kind of assorted elements leading to inflation. There are bigger labor costs. There are bigger fuel prices, bigger transport and logistics prices, bigger commodities prices, and some of those are going to return off, nonetheless they won’t come off all on the equivalent time.”
Hazen…