The number of companies raising prices in the United States is at a 35-year high.
“I have little doubt that with excess savings, new stimulus savings, huge deficit spending, more QE, a new potential infrastructure bill, a successful vaccine and euphoria around the end of the pandemic, the US economy will likely boom,” Jamie Dimon, chief executive of JPMorgan Chase, said in May 2021.
“This boom could easily run into 2023 because all the spending could extend well into 2023.”
