Final Report on the Research of 2021 American Economy
DOI:
https://doi.org/10.54691/bcpbm.v13i.45Keywords:
Inflation Rate; Federal Reserve; Predict.Abstract
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.
Downloads
References
Budryk, Z. (2021, July 6). Gas prices projected to increase up to 20 cents over summer. The Hill. https://thehill.com/policy/energy-environment/561711-gas-prices-projected-to-increase-up-to-20-cents-over-summer?rl=1.
Jiang, C., Gu, T. (September 15th, 2018). Supply-side reform background, policies, and impact. Haitong Securities. https://wenku.baidu.com/view/7e384ab2dc36a32d7375a417866fb84ae55cc34a.html.
Leaders (2021, June 26). Investors can no longer take low interest rates for granted. The Economist. https://www.economist.com/leaders/2021/06/26/investors-can-no-longer-take-low-interest-rates-for-granted.
Leaders (2021, May 22). What to do about a labour crunch. The Economist. https:// www. economist. com/leaders/2021/05/22/what-to-do-about-a-labour-crunch.
Long, H., Dam, A. V., Fowers, A. (2021, June 17). FAQ: Why inflation is rising and whether you should worry. The Washington Post. https://www.washingtonpost.com/business/2021/06/10/inflation-what-to-know/.
Rugaber, C. (2021, May). More jobless getting aid than in past even as cutoffs loom. AP NEWS. https:// apnews.com/article/pandemics-jobless-claims-coronavirus-pandemic-health-business-a7ea3e65542c137 865bd449626b31461.
Smart, T. (2021, June 16). Gas prices projected to increase up to 20 cents over summer. U.S. News. https:// www.usnews.com/news/national-news/articles/2021-06-16/fed-raises-inflation-and-economic-forecast-hints-at-first-rate-hike-in-2023.
Trading Economics. (2021. n.d). United States Imports1950-2021 Data: 2022-2023 Forecast: Calendar: Historical. Trading Economics. https://tradingeconomics.com/united-states/imports.
Trading Economics. (2021. n.d). United States Inflation Rate1914-2021 Data: 2022-2023 Forecast: Calendar. Trading Economics. https://tradingeconomics.com/united-states/inflation-cpi.
The White House (2021, May 4). FACT SHEET: The American Jobs Plan. The White House. https: // www.whitehouse.gov/briefing-room/statements-releases/2021/03/31/fact-sheet-the-american-jobs-plan/.
White, B. (2021, July 01). 'Jay's job to lose': Powell's reappointment by Biden as Fed chief hangs on inflation. POLITICO. https://www.politico.com/news/2021/07/01/powell-biden-fed-interest-rates-49742 5.
Whitmore, G. (2021, May 27). Increase In Travel Is Causing Travel Prices to Rise. Forbes. https:// www. forbes.com/sites/geoffwhitmore/2021/05/27/increase-in-travel-is-causing-travel-prices-to-rise/?sh=30f0 b13274c1.






