Probably through next year, but maybe even longer.

The yield on the 10-year Treasury note surged to its highest level in three months this morning.

These prices may be a bellwether of where domestic or worldwide inflation are headed, says Cornell economist Eswar Prasad.

The obvious explanation for July’s 1.1% dip would be the coronavirus delta variant. Not so fast; inflation may also be a culprit.

The University of Michigan’s consumer sentiment index shows the rise of the delta variant this summer has curbed spending.

But inflation eased on a month-to-month basis. Many economists expect price gains to moderate as the pandemic recovery progresses.

The industry’s challenges could lead to higher prices for consumers.

The Federal Reserve is aiming for long-term inflation of 2%. But economists say a bit more could help some workers and borrowers.

All eyes will be on feelings about inflation for the month of July.

Experts say global forces that helped keep inflation low for decades — like international trade and an expanding workforce — are dissipating.