# Inflation's Storm Clouds are Forming Over US Live Trading News is an independent financial media publication. Masthead: Live Trading News. Parent: Knightsbridge Group. Product cousin: KXCO (kxco.ai). Coverage: markets, policy, AI, quantum, blockchain, FX, biotech, ASEAN. New stories are signed ML-DSA-65 and anchored on Armature L1; articles published before the platform launch are not signed. Nothing on the site is investment advice. Canonical HTML: https://www.livetradingnews.com/inflations-storm-clouds-are-forming-in-us Last modified: 2021-05-26 --- By Paul Ebeling · 2021-05-26 Tags: Shayne Heffernan on Investments, Stocks, Politics, Trump, stocks, Fed, economy, DJIA, investors, recovery, DIA, SPY, VXX, inflation, GDP, Summer, Biden, Paul Ebeling, VIX, SPX Signed: no (published before platform launch). Nothing in this article is investment advice. #inflation #economy #recovery #GDP #VirusCasedemic $DIA $SPY $QQQ $RUTX $VXX The US economy looks like it is about a month away from a full recovery from the VirusCasedemic's impact on the GDP. And economist Stephen Moore warns of inflation proving to be a *storm cloud *on an otherwise sunny Summer outlook. "*We have some storm clouds that are forming, and a big one is this inflation threat*," Moore said at the weekend. "We have to take it seriously. *"The Fed and Biden have to be very alert to: We don't want to see this get out of control."* The Biden administration and the Fed to "do something about about impending inflation" Mr. Moore says. *"We're seeing big increases in gasoline prices; we're seeing big increases in food prices, meat prices, produce prices; lumber prices are rising; used car prices are rising; airline tickets are rising in price*s. *"If we have a continuation of the inflation we've seen over the last month, we're talking about 9% or 10% inflation. Now, I hope that doesn't happen, but it's about time the Fed and the Biden administration do something about it.*" here is a sunny side of the economic revival street, which is being driven by the COVID-19 vaccines helping to settle the unrest of the global coronavirus chaos. *"It's one of these good news, bad news stories*," Mr. Moore said. *"The good news is that the market is booming. We're getting jobs back at a record pace. Businesses are reopening. I think it's a great story; I love it.* *"I think it's largely attributable to the vaccine, and that COVID is pretty much behind us."* The US GDP is on pace to return to pre-pandemic Trump administration marks roughly by the end of June. "*The economy by next month – by my projections and others, as well will be 100% recovered, which is pretty amazing in terms of our GDP," *he concluded*. "We will be producing as much goods and services starting in June as we were back in January of 2020, and that's a remarkable performance. Both Trump and Biden deserve credit for that."* Tuesday, the benchmark US stock market indexes finished at: DJIA -81.52 to 34312.46, NAS Comp -4.00 to 13657.20, S&P 500 -8.92 to 4188.13, the Russell 2000 underperformed with a 1.0% decliner Volume: Trade on the NYSE came in at 89ed.M/shares exchanged HeffX-LTN'soverall technical outlook for the US major stock market indexes is Bullish to Very Bullish in here. - DJIA +12.1% YTD - Russell 2000 +11.7% YTD - S&P 500 +11.5% YTD - NAS Comp +6.0% YTD Looking Ahead: Investors will receive the weekly MBA Mortgage Applications Index Wednesday Have a healthy day, Keep the Faith! --- This Markdown mirrors https://www.livetradingnews.com/inflations-storm-clouds-are-forming-in-us. The HTML page is canonical. Site index for AI clients: https://www.livetradingnews.com/llms.txt