Trumpflation Is Evolving Into a 3-Headed Monster, and Wall Street Will End Up Paying the Price

U.S. inflation has risen significantly above the Federal Reserve’s long-term 2% target, reaching 4.2% on a trailing 12-month basis in May before moderating slightly to 3.5% in June. The inflationary pressures stem from three primary sources, collectively referred to as Trumpflation.
The first driver is the energy sector disruption resulting from geopolitical tensions. Following military actions in the region, Iran closed the Strait of Hormuz to most maritime traffic, halting the daily tra