New inflation numbers will signal gloom or glory, as the Fed considers its next move amid a strong labor market. Nightly reports 👇
A 'We Want You!' sign is posted at an Ike's Love & Sandwiches store in Los Angeles, Calif. | Mario Tama/Getty ImagesStrap in for a pivotal week in the complicated and high-risk life of the American economy., offering a level-check on just how much 40-year high inflation is really going down .
Then, on Wednesday, Federal Reserve Chair Jerome Powell is expected to announce that the central bank is easing up on the size and pace of its rate-hiking campaign aimed at slowing the economy and thus inflation.. He must signal a somewhat lighter approach on rate hikes because Wall Street expects it and some economic signals are showing early signs of tilting toward recession.
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