Please disable your adblock and script blockers to view this page

Will inflation have eased up in April?


Bureau of Labor Statistics
Fed
the Federal Reserve
Americans’
Atlanta Mission
AAA
the Strategic Petroleum Reserve
the 2.98 percent
the National Housing Conference


Biden
Rachel Reynolds
Jerome H. Powell
2000.The Biden
Putin
David Dworkin


American
Americans

No matching tags


the White House


Ukraine
China
Russia
America

No matching tags

Positivity     41.00%   
   Negativity   59.00%
The New York Times
SOURCE: https://www.washingtonpost.com/business/2022/05/11/april-cpi-federal-reserve/
Write a review: The Washington Post
Summary

As one example, the red-hot housing market may be starting to soften in some areas, as mortgage rates rise to their highest levels in over a decade.Fed hikes rates by half a percentage point in fight against inflationBut no matter the inflation figure, economic officials agree that it will take months of data to assess which way prices are heading. Higher lending costs tend to cool the economy by weighing on business and consumer spending, and eventually lead to lower prices overall.Mortgage rates are rising, but the hot housing market is slow to coolThe Fed has launched an ambitious plan to slash inflation with seven interest-rate increases this year. Gas prices, rent costs and grocery bills are some of the most tangible ways people feel the economy, and for many Americans, it’s the first time they’re experiencing inflation in their daily lives.“It’s our job to make sure that inflation of that unpleasant high nature doesn’t get entrenched in the economy,” Powell said last week.

As said here by Rachel Siegel