Inflation 'breaking out' in the United States

Financial Planner and Author Patricia Howard says the whole world is looking at a “fairly dismal outlook” when it comes to inflation. Ms Howard said we are seeing inflation “break out” in the United States. “People over there are now talking about the prospect of stagflation, which is an economic term we really haven’t heard about since the 70s,” she told Sky News Australia. “That’s the situation here the central government can’t get inflation under control and in their efforts to do that they bring the economy to a halt. “That’s the worst outcome for all economies.”