In normal times, ordinary people can safely ignore the PCE. But these are not normal times. Here's what the Fed’s favorite inflation gauge, updated today, is telling us about the economy — the good, the bad and the bottom line. Nightly has more 👇
If you are not quite sure what to think about the state of the U.S. economy, inflation, the Federal Reserve’s strategy and the whipsaw stock market, don’t be ashamed.
The Federal Reserve is bent on bringing down on inflation even if it means forcing a short and shallow recession. It’s slightly too much to say Fed Chair Jerome Powell and his colleagues are completely freaked out by the persistent run up in prices. But they are close.Just 20 percent of Americans in theout this week rated the economy as “good” while 79 percent called it “poor.” The dismal view crosses party lines.
Spending on services, after adjusting for inflation, rose 0.3 percent in May from April, another sign that after a couple of years of pandemic-induced stagnation, people are spending again on travel, hotels, bars, restaurants and the like, and not just constantly ordering durable goods over the Internet.: Overall real consumer spending fell 0.4 percent over the month as services spending did not keep up with a big 3.5 percent monthly drop in durable goods, largely a result of lower auto sales.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Feds Launch Rare Probe Into Sex Abuse in New Orleans’ Catholic ChurchThe FBI is considering whether it can use the Mann Act, a law for which violations do not have a statute of limitations, to charge priests who allegedly took children across state lines to molest them
Weiterlesen »
Feds announce $26M in loans for Sask. businessesThe money is taking the form of interest\u002Dfree loans that are expected to create 500 jobs.
Weiterlesen »
Feds announce $26M in loans for Sask. businessesThe money is taking the form of interest\u002Dfree loans that are expected to create 500 jobs.
Weiterlesen »
Jersey Mike’s pays $24K in penalties for violating child labor laws, feds sayThe sandwich chain agreed to pay $24,660 in civil penalties to settle allegations that it let 14-and 15-year-olds work more hours than allowed.
Weiterlesen »
Feds arrest fourth suspect in connection with deaths of 53 migrants in San AntonioAuthorities arrested the fourth man after finding communications between he and the truck's driver on a cell phone. SanAntonio SATX SanAntonioTX migrants Immigration border Texas
Weiterlesen »