Retail Sales Surge as Prices Rise and Shoppers Keep Buying
Consumer spending jumped in January, which was good news for retailers but could weigh on the Federal Reserve’s efforts to tame rapid inflation.
Posted inConsumer Price Index Federal Reserve System Inflation (Economics) Interest Rates Powell, Jerome H Prices (Fares, Fees and Rates) Supply Chain United States Economy Wages and Salaries
Inflation Cooled Just Slightly, With Worrying Details
Consumer Price Index inflation has been slowing compared with a year ago, but evidence is mounting that it could be a long road back to normal.
Posted inBanking and Financial Institutions Federal Reserve System Government Bonds Inflation (Economics) Interest Rates Standard & Poor's 500-Stock Index Stocks and Bonds United States Economy
Stocks Slip as Inflation Story Gets More Complicated
The prospect of a drop in the pace of inflation has recently boosted hopes that the Federal Reserve will soon stop increasing interest rates.
Posted inBiden, Joseph R Jr Brainard, Lael Deese, Brian C (1978- ) Federal Reserve System Interest Rates National Economic Council (US) United States Economy United States Politics and Government
Biden Picks Lael Brainard to Lead National Economic Council
Lael Brainard, the Fed’s vice chair, will become a top economic adviser along with Jared Bernstein, who will head the Council of Economic Advisers.