Open AccessFinal Report on the Research of 2021 American Economy
Author(s) -
Anqi Li
Publication year - 2021
Publication title -
bcp business and management
Language(s) - English
Resource type - Journals
ISSN - 2692-6156
DOI - 10.54691/bcpbm.v13i.45
Subject(s) - surprise , inflation (cosmology) , inflation rate , covid-19 , economics , economic history , political science , monetary policy , keynesian economics , economy , medicine , sociology , physics , disease , communication , pathology , theoretical physics , infectious disease (medical specialty)
In the past decade, America's inflation rate has always been mysteriously low, varying around 1%~3% (“United States,” 2021). However, to everyone's surprise, the inflation rate has reached 5% (“United States,” 2021) in June 2021, far higher than the Federal Reserve's 3.4% (Smart, 2021) prediction made in this year.