US inflation index rises to 5%, analysts say it may remain for a long time

According to BitPush, German trader and market expert Holger Zschaepitz tweeted earlier today that the US inflation index has risen to 5% and will persist forever.

The European Central Bank (ECB) kept its key interest rate at 0% on Thursday. Like most economic actors, the ECB believes that the rise in inflation is due to the end of the pandemic and is therefore temporary and not a cause for concern.

"We are concerned that inflation is returning and will persist," said Deutsche Bank chief economist David Folkerts-Landau and his team in a statement opposing the mainstream view.