Posted inEconomy

America’s Inflation Problem Will Turn Into Cost-of-Living Crisis

By Tom Ozimek Allianz chief economic adviser Mohamed El-Erian said in an interview that the inflation problem in the United States will inevitably turn into a cost-of-living crisis as price pressures become broader, further erode the wage gains of many American households, and dent demand. Wages have been on the rise as businesses boost pay to attract and retain […]