Mark Zandi, chief economist at Moody’s, told CNBC he doesn’t expect inflation to decelerate, saying that inflation is “stubbornly high, especially for necessities,” adding that “of course, this is all before the fallout from events in the Middle East” (3).According to the Bureau of Labour Statistics, the Consumer Price Index (CPI) increased by 3.3% for the past year, ending in March (2). This makes it the sixth consecutive year of the Fed missing its 2% target.“Even if the US economy continues outperforming ...