Bloomberg

U.S. Inflation Likely to Get Worse, Dealing Challenge to Fed and Biden

(Bloomberg) — After U.S. prices climbed by the most in three decades, there’s even worse news ahead for households and policy makers: Inflation likely has further to rise before it peaks. October’s annual rate was 6.2%, the highest since 1990, as price increases spread well beyond the parts of the economy most disrupted by pandemic closures. Key drivers, like hot housing markets and a global energy crunch, show few signs of fading away soon — leading economists to predict even bigger jumps in