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High inflation? A generation of investors has never felt it
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NEW YORK – The central question gripping Wall Street is whether the burst of inflation hitting the economy as it recovers from the pandemic is just temporary or the start of a real problem.
The answer threatens to crack the stock market’s incredible, record-setting run that began in March 2020. Adding to the fog of the debate — and the uncertainty that has markets churning — is that more than a generation has passed on Wall Street since investors had any experience at all with high, long-lasting inflation.
What's clear is that the average cost of regular gasoline has jumped to $3.04 per gallon from $1.89 a year earlier. Used cars and trucks cost 21% more last month than a year before.
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