#What recession? Americans are still powering the economy despite high inflation

Admin3 years ago013 mins

What recession? Americans are still powering the economy despite high inflation Key economic indicators, such as huge retail sales and historic job gains, are painting the picture of a robust economy that shows few signs of slowing down. But a smaller-than-expected drop in January inflation has some economists worried that the Federal Reserve is going…

#Neel Kashkari sees Fed’s target interest rate peaking at 5.4%

Admin3 years ago06 mins

“Neel Kashkari sees Fed’s target interest rate peaking at 5.4%” The Federal Reserve should continue hiking interest rates at its next few meetings at a minimum until it is sure that inflation has peaked, Minneapolis Fed President Neel Kashkari said on Wednesday, as he set out his own forecast that the policy rate should initially pause at…