BofA's Moynihan: Inflation a Concern as Wage Growth Picks Up

The transcript discusses the Federal Reserve's projections on inflation, particularly focusing on the PC deflator and core inflation rates. It explores the debate on whether current inflation trends are temporary or transitory, with a focus on wage growth and employment rates. The challenges faced by small businesses, such as labor shortages and supply chain issues, are highlighted. Additionally, the impact of stimulus dollars on consumer spending and the potential for inflation is examined.

What is the Fed's projection on the PC deflator mentioned in the text?

How does the text describe the current state of wage growth?

What are the main issues faced by small business customers according to the text?

What factors are contributing to inflation characteristics as mentioned in the text?

What is the significance of the stimulus dollars in customer accounts according to the text?