Get ready for inflation shock and early rate rises, economists warn – Monday Finance with Peter Ryan

As the global economic recovery continues, there are growing warnings that inflation particularly in the United States is not just temporary but coming back with a vengeance. Economist Stephen Koukoulas from Market Economics says there are signs that inflation might not be transitory but like to become entrenched. He warns there’s a growing likelihood that the US Federal Reserve might need to raise official interest rates next year ahead of schedule.