Higher prices for goods and services started about 16 months ago. Consumers expect inflation to remain relatively high for the next few years.
Prices for everything from groceries and natural gas to marine freight costs and uranium are surging.
And the debate continues whether inflation will be transitory, as the Federal Reserve claims, or that higher prices will persist for a long time.
So, we’ve turned to someone who’s studied inflation dynamics and economics in general for decades.
J.J. Johnston, Executive Vice-President & Chief Strategist, Davis Rea Investment Counsel, draws on historical precedents, patterns and trends, and reams of data to make his determinations, and what they may mean for investors.
Watch and listen to our conversation to learn the reasons why Johnston believes higher prices will not persist but how inflation could rear its head down the road.