Update 620 — CPI for June up 9.1%But Trends Complicate Inflation Story The CPI report for June, showing a 9.1 percent hike in prices from a year ago, up from 8.6 percent in May, may alarm some and immediately suggests another 75 basis point interest rate by the Fed at its next meeting, July 26-27. …
Update 616 — Fueling Uncertainty:Fed Fights Inflation, Recession Risk Federal Reserve Chair Jerome Powell took the hot seat this week during the semiannual Humphrey-Hawkins hearings before Congress. Recently re-confirmed as Chair, Powell had to manage his way through cross examination regarding the Fed and inflation, following a hot 8.6 percent May CPI rise in inflation …
Update 613 — Running on the EconomyMaking the Best of an Inflated Situation In part two of our outlook on running on the economy this midterm cycle, we cover the inflated elephant in the room. Americans continue to feel the pain of increased prices. Despite signs that inflation may have crested, the public mood is …
