I think supply chain issues will ease in the short term... Commodity/product inflation is mostly transitory... almost by definition... not saying it doesnt matter, just that it does correct itself. The big problem, imo, is wage inflation. Unlike Commodities/products, wages are sticky. And in the US business has been extremely innovative and productive in recent years. Should that continue, and I think it will, there may be further strong demand for labor which may exacerbate the wage inflation problem.
Of course thats all my thoughts and I am often wrong about future events.
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