Inflation is ‘here for a while’: Investment expert 

Talia Kaplan – FOXBusiness

 

Macro Trends Advisors LLC founding partner Mitch Roschelle warned on Sunday that inflation will be “here for a while” as consumer prices hit a new four-decade high last month. 

Speaking on “Fox News Live,” Roschelle forecasted that price hikes will likely go even “higher.”

“Shelter costs, what it costs for housing, ends up being a lagging indicator the way it’s calculated by the government,” he noted. “And those prices are continuing to go up.” 

Roschelle pointed out that “home prices are going up even though interest rates are going up” and “rent is skyrocketing. So I think You have that as a tailwind pushing up inflation,” he stressed. 

Earlier this month the Labor Department revealed that the consumer price index (CPI), a broad measure of the price for everyday goods, including gasoline, groceries and rents, rose 8.6% in May from a year ago. Prices jumped 1% in the…Read more here.