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Some inflation watchers have been on the lookout for signs of peak inflation, anticipating that the U.S. consumer price index will finally begin to trend lower after soaring to a fresh 40-year high in March. The latest data, however, has disappointed them. A recent small business survey and sky-high wholesale prices “telegraphed higher-for-longer inflation in a weakening stagflationary environment,” economist and market strategist Ed Yardeni of Yardeni Research warned in a recent report. “We are still expecting inflation to peak by June or July, but higher inflation for longer is what the latest batch of price indicators is showing,” he wrote to clients. ...

Source: https://www.theepochtimes.com/small-bus ... 09933.html