Head of US Economic Research at Fitch Ratings: The breadth of US inflation had already begun to expand before overall inflation accelerated recently. This suggests that the rise in inflation is not entirely due to energy factors. Even if energy pressure subsides, broader price increases may slow the return of inflation to target and cause monetary policy to remain tight for a longer period of time.

Head of US Economic Research at Fitch Ratings: The breadth of US inflation had already begun to expand before overall inflation accelerated recently. This suggests that the rise in inflation is not entirely due to energy factors. Even if energy pressure subsides, broader price increases may slow the return of inflation to target and cause monetary policy to remain tight for a longer period of time.