by Joseph Lingad | May 10, 2023 | Consumer Price Index, Economy, Inflation, Jobs
The Labor Department will release April’s Consumer Price Index Wednesday–a measure of prices for goods and services–amid sticky inflation, a robust job market, and the recent banking turmoil. Bloomberg is forecasting April’s inflation will remain at 5% but see...
by Joseph Lingad | Mar 22, 2023 | Consumer Price Index, Economy, Featured
Despite robust economic data suggesting the Fed raise interest rates to taper inflation, the traditional banking sector is causing it to reconsider. Inflation modestly decelerated in February but the latest figures probably won’t dissuade the Federal Reserve Board...
by Divya Murthy | Mar 19, 2023 | Consumer Price Index, Economy, Featured, Retail Sales
A post-holiday hangover clouded retail sales last month as resilient but weary consumers corrected their outsize January spending, holiday discounts faded and an air of caution returned, heightened by still high prices and rising interest rates. Retail and food...
by Joseph Lingad | Mar 13, 2023 | Consumer Price Index, Economy
Inflation cooled slightly in January, but not enough for the Federal Reserve Board to reconsider its plan to continue to raise interest rates anytime soon. The consumer-price index, which measures the price change for a basket of goods and services of the average...
by Divya Murthy | Feb 19, 2023 | Consumer Price Index, Economy, Retail Sales
Photo by Heidi Fin on Unsplash U.S. retail sales bounced back at the start of the year, a sign of consumers’ faith in the economy even in the face of inflationary pressures and the low-hum of recession fears: People are shopping. People are going out to eat....
by Jessica Lerner | May 11, 2021 | Consumer Price Index, Economy
The April report for the Consumer Price Index – a widely used measure of inflation and by proxy, of the effectiveness of the government’s economic policy – is expected to rise by the most in a decade as the base effect from last year’s pandemic collapse reaches its...
