MarketWatch/Vivien Lou Chen/9-21-2022
“History shows that inflation takes an average of 10 years to return to 2% once it breaks above 5%, according to Thanos Vamvakidis, a strategist for BofA Securities in the U.K.”
USAGOLD note: One would think too, that the greater the gap between the current headline inflation rate and the 2% target, the greater the difficulty returning to that target number. At the moment, that gap is 6.3% but the future number is dependent on the future price of raw materials and finished goods at a time when the supply chain is breaking down.
