People walk by a T-Mobile store in San Francisco, California
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Wall Street strategists and analysts are beginning to believe that 2021 will be the year the U.S. finally sees inflation, and that could have ripple effects across the stock market.
The Federal Reserve projections released on Wednesday showed inflation hitting 2.2% this year, running above the central bank’s 2% target. RBC Capital Markets said in a note to clients that inflation is no longer a question of if, but when.