This summer was supposed to be the season of revenge travel. But that was before a new risk emerged: stubborn, elevated inflation. … READ MORE >
inflation
Fed announces largest rate hike in nearly three decades as it seeks to restore price stability
The Federal Reserve lifted its federal funds policy rate to a range between 1.5% and 1.75% on Wednesday as it moves to restore price stability over the medium term. … READ MORE >
U.S. retail sales fall as inflation takes a toll
Retail sales dropped by 0.3% in May, a decline from a downwardly revised 0.7% increase in April, the U.S. Census Bureau reported on Wednesday. … READ MORE >
Chart of the day: U.S. producer inflation remained elevated
The report adds pressure on the Federal Reserve, which is considering more aggressive measures to tame inflation. … READ MORE >
U.S. May CPI: Inflation continues to broaden out on higher gas and housing costs
Inflation continued to broaden out across the American economy in May, rising by 8.6% annually and underscoring the urgency among central bankers to restore price stability. … READ MORE >
Inflation and gross margins—who is winning? Part 1: The transportation sector
RSM took a detailed look at gross margins across different peer groups in the industrials sector to see how each has fared during this time of high inflation. … READ MORE >
Chart of the day: Consumer confidence falls in May
Consumer confidence in the United States slid to a three-month low in May amid sticky inflation and a decline in job availability. … READ MORE >
Personal spending and trade improved in April as inflation eased
American consumers continued to spend more in April as inflation showed signs of relief. The combination of higher incomes, excess savings and lower energy prices helped to alleviate some of the recent recession concerns. … READ MORE >
Increased demand lifts defense technology companies amid inflation and supply chain issues
Defense technology companies are experiencing rising costs and supply chain disruption. Howevever, growing international demand and technological innovation are driving optimism and investment. … READ MORE >
U.S. April Consumer Price Index: Peak inflation provides no solace
About the best one can say about the April inflation report is that year-over-year metrics appear to have topped while core inflation increased. … READ MORE >