Hey, it’s because the economy is doing so well! /s
The Biden Boom. That was their line just a few weeks ago.
“The personal consumption expenditure price index rose by more than expected”
If you have been to a gas station, grocery store, Home Depot or hospital lately you “expected” the rate to be double this latest under representation of the true rate of inflation. When does this “transitory” inflation end and hyper inflation begin?