How rising Covid cases in Asia spell higher inflation in the US

The Federal Reserve argues that any inflation in the US will be transitory. But that's looking less convincing by the day. And now there's now another factor to consider, says Saloni Sardana. Here, she explains how rising Covid cases in Asia will affect US inflation.

Market in Hanoi
Vietnam has vaccinated less than 1% of its population
(Image credit: © Linh Pham/Getty Images)

If anyone was in doubt that the US is heading for a significant bout of inflation, the last few weeks have made it clear. Now there’s another force that will further add to inflationary pressures in the US: rising covid cases in Asia.

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Saloni Sardana

Saloni is a web writer for MoneyWeek focusing on personal finance and global financial markets. Her work has appeared in FTAdviser (part of the Financial Times),  Business Insider and City A.M, among other publications. She holds a masters in international journalism from City, University of London.

Follow her on Twitter at @sardana_saloni