Something doesn’t add up. And that something has a lot to do with the nation’s first inflation scare in decades.
Simply put, the cost of living is going up, and Americans aren’t happy about it. Inflation is overshadowing real bright spots in the US economy.
“The economic news is generally good. But inflation is in your face, every day. Some of the most visible prices are up and that makes it seem like the inflation problem is worse than it is,” said Gus Faucher, chief economist at PNC.