Edgy Economy: Inflation, Interest Rates Cause Concern

It’s a strange time for the economy. The recovery from the coronavirus pandemic continues, with the stock market near record highs, unemployment slowly declining, and bullish economic growth forecasts as businesses reopen and travel resumes. Nevertheless, those positive signs are offset by rising long-term interest rates, rising inflation due to the flood of stimulus money, and general uncertainty over Biden administration’s economic policies.

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