University of Notre Dame professor Jeffrey Campbell joins Wealth! to analyze the trajectory of inflation as the Ukraine-Russia conflict continues. Campbell notes the war’s critical role in economic uncertainty, stating that inflation is fundamentally tied to geopolitical developments. The conflict’s resolution could trigger energy price reductions and reshape consumer spending patterns. "If energy prices pull back, we might see more of a loosening of consumers’ wallets for premium goods and a willingness to take a bit of a higher markup in exchange for convenience," Campbell explains. He warns that without the war’s conclusion, inflation could remain elevated at around 3%, constraining economic recovery.
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