Deutsche Bank published a report Monday noting that the United States is facing “the very real specter of consumer-driven inflation.” The bank’s chief economist David Folkerts-Landau and others notably highlight the Federal Reserve’s monetary easing policy and recent tolerance toward higher inflation.
Deutsche Report: ‘Transitory Inflation Could Feed Into ’70s Style Stagflation’
The price of commodities in the U.S. has surged according to a number of recently published studies over the last two months. Currently, commodity-price increases are moving in lockstep as products like oil tapped a two-year high, the price of lumber jumped 377% in a year’s time, electronics are 10% more expensive across the board, copper has risen to record highs, soybeans and corn prices have skyrocketed, and retail beef and pork is eliciting “sticker shock.”
On June 7, Germany’s lending giant Deutsche Bank published a report with a dire warning to the U.S. concerning inflation. The study features Deutsche’s chief economist, David Folkerts-Landau, the company’s head