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CIBC’s Rubin Sees U.S. Inflation Hitting 6%

Headline inflation in the United States could be headed as high as 6% before the end of the year, CIBC chief economist Jeff Rubin warns in a forecast published Wednesday.

"We haven't seen a 6% CPI inflation rate posted in the U.S. since 1990 and even then only briefly for four months," wrote Rubin. "You've got to go back to 1982, in the midst of the stagflation that followed the second OPEC oil shock, to see ..."