![The US Federal Reserve building in New York. The Fed says the current spike in inflation is transitory as economies re-open. Reuters](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/NSBPZWVVPDT5CWFOP6XZHYCSX4.jpg?smart=true&auth=fe8d3b14ab11501dfec67f9129dce1791bd68a82bbfab395c21bc57d7347b47c&width=400&height=225)
The US Federal Reserve building in New York. The Fed says the current spike in inflation is transitory as economies re-open. Reuters
The US Federal Reserve building in New York. The Fed says the current spike in inflation is transitory as economies re-open. Reuters
Markets follow the US Fed's lead and shrug off inflation spike as 'transitory'
However, there are widespread concerns that the inflation threat remains as Covid-19 variants test the reopening of economies