Already stubbornly high inflation in the US has risen even faster than expected.
It is fueled by higher costs for petrol and housing.
The Motley Fool Chief Investment Officer Scott Phillips says if inflation ticks up in the US, it “pushes things further away”.
Mr Phillips told Sky News Australia that the US “won’t have much choice” but to increase interest rates.
“If inflation goes up, they’re going to have to do something on rates.”
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