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GSEU - Surging Inflation Is A U.S. Phenomenon Not A Global One
Goldman Sachs ActiveBeta Europe Equity
Surging U.S. inflation has outpaced inflation in Europe, China and elsewhere, as the rate hit a 13-year high of 5.4% in June and July.
Rising U.S. inflation may be the result of divergent employment benefits or a consumer spending boom fueled by the government’s fiscal response to the pandemic.
The U.S. inflation situation appears to be unique and may be the result of the country’s way of handling the labor market crisis during the pandemic.