Survey: Increasing Number of Top Economists Now Expecting Fed Rate Hike over Coming Year, Oct. 7, 2021–Sarah Foster
“Producer price increases from supply chain disruptions are taking longer to resolve than many had thought,” says Mike Fratantoni, chief economist at the Mortgage Bankers Association. “Wages are rising for many positions leading to another increment of higher costs. And it does seem that more businesses are successfully passing these higher prices on to consumers. Moreover, housing costs have also been increasing sharply.”