Economists just don’t get it. And by it we mean the American consumer’s miserable attitude, which continues to frustrate.
Underlying US inflation probably rose in January by the most in a year, as tracked by the Federal Reserve’s preferred metric.
Prematurely reducing interest rates could trigger resurgence of inflation posing significant risk and rekindle inflationary pressures.
U.S. economy faces the potential for stagflation, marked by sluggish growth coupled with persistently high inflation.
A top question on minds of investors and consumers alike is when might the Fed make its first interest rate cut after two years of rapid hikes.
Surprise jump in January consumer price index probably will be less pronounced in Fed’s preferred inflation gauge and potentially less alarming.
Future path for inflation viewed by U.S. consumers little changed at start of year amid declines in expected rises for number of key spending areas.
