Three Reasons Inflation May Be With Us Longer Than We Think

Shifts in the labor market, the transition to renewable energy and changes in China present long-term challenges for the U.S.

A man faces a grocery aisle with a shopping basket in hand.
(Image credit: Getty Images)

Predictions for where the U.S. economy is heading in 2023 have been conflicting, to say the least. We closed out 2022 with the expectation that we were moving into an economic recession during the first two quarters of the new year, but more recent indicators cast serious doubt on that possibility. For example, recent data shows high inflation has not stopped consumer spending.

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Tony Roth, Chief Investment Officer
Wilmington Trust Investment Advisors, Inc.

Tony Roth is CIO for Wilmington Trust Investment Advisors, Inc., the investment advisory arm of Wilmington Trust and M&T Bank. Tony plays a key role in developing and delivering investment services for our wealth, institutional and brokerage clients. He provides strategic direction for the firm’s asset management investment activities including asset allocation, manager research and portfolio construction. Tony leads the firm’s Investment Committee.