Of course we are going to have inflation
Employment and Wages
Employment expanded across the nation and increases ranged from modest to moderate during this period. Labor markets remained tight, and employers in most Districts had more difficulty filling low-skilled positions, although labor demand was stronger for higher skilled workers. Modest wage increases broadened, and reports noted bigger increases for workers with skills that are in short supply. A larger number of firms mentioned higher turnover rates and more difficulty retaining workers. A couple of Districts reported that worker shortages and increased labor costs were restraining growth in some sectors, including manufacturing, transportation, and construction. Businesses generally expected labor demand to increase moderately in the next six months, and looked for modest wage growth.
Add to this the prospect of less off shore and more in house growth which might just add up to inflation is good.
However the rate of increase for seniors is not good as you could be very well seeing those youngsters all walking with canes working on robots who are trying to help them out of their cars into the work place.. That mellow group could very well could now be called referees as they attempt to ease the discord between to driverless cars vying for one parking spot. Canes are equipped with missals shipment error from North Korea. Boston Scientific booming in all directions.