inflation

The Minneapolis Federal Reserve chief said that policymakers need to see ‘a lot’ more data showing inflation is trending down before an interest rate cut.

The Fed is running tabletop exercises for how it will deal with climate change.

‘I’m not ruling out potential interest-rate increases from here,’ Minneapolis Federal Reserve President Neel Kashkari said.

‘High inflation means high prices, high interest rates, high mortgage rates, and death for the American Dream,’ President Trump said.

Eating out less often, taking from 401(k)s, buying medication overseas, choosing cheaper products—Americans say they are feeling the pain of inflation.

Strong population growth and people re-entering the workforce was adding to labour supply and keeping wages grow at a pace consistent with taming inflation.

Corporate America warns ’the consumer is under pressure.’

The June rise will be the second-largest hike to HECS debt in more than a decade.