Stefan Sauer/AP

U.S. inflation rate could reach 10% as energy prices soar due to Ukraine Invasion

The threat of a full-scale Russian invasion of Ukraine is raising the risks of an energy supply shock, which some observers say could send the annual U.S. inflation rate up to 10% at some point from 7.5% as of January. That’s the view of RSM chief economist Joseph Brusuelas and BNY Mellon’s Daniel Tenengauzer. In […]