Americans have never been more unsure of where inflation is headed ...Middle East

Until the pandemic hit, Americans were pretty sure about where inflation was going—nowhere.That abruptly changed with the covid-19 pandemic, when lockdowns, supply chain interruptions, and other disruptions made it hard to predict how much stuff would cost in the future. Now, that uncertainty has reached a fever pitch as rising prices, covid lockdowns in Asia, and the war in Ukraine are making the inflation picture even fuzzier.The Federal Reserve Bank of New York measures inflation uncertainty by asking US consumers how much they think prices will go up over the next year. The more all over the place responses are, the higher the uncertainty. In April, the NY Fed’s uncertainty gauge hit nea

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