Bill Witte fields a question about the state of inflation and shares his outlook going forward.
This Q&A response from The FTR Experts came from our November State of Freight Economic Outlook webinar. View the video and the key takeaways below.
- The inflation rate average for the next few years is expected to land at around 3%, almost double the 2015-2019 average of 1.6%.
- This figure exceeds the Federal Reserve's average target of 2%.