$S&P 500 Index (.SPX.US)$$Invesco QQQ Trust (QQQ.US)$$SPDR D...

$S&P 500 Index (.SPX.US)$ $Invesco QQQ Trust (QQQ.US)$ $SPDR Dow Jones Industrial Average Trust (DIA.US)$ Amid heated debate in Washington over whether government spending is fueling a rise in inflation, new research from the Federal Reserve Bank of San Francisco suggests that the Biden administration’s latest stimulus package is contributing to a spike in prices.

“Our analysis suggests that the American Rescue Plan is projected to cause a transitory increase in the vacancy-to-unemployment ratio, which translates into a core inflation rate that is about 0.3 percentage point higher per year through 2022.”