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The central bank also signaled that it’s likely nearing the end of its aggressive series of rate hikes.
Consumer sentiment isn’t as gloomy as the failure of Silicon Valley Bank might lead you to expect.
It’s a spending category that looks at core services other than housing. The Fed says it could be key to understanding the future of inflation.
The cost of shelter is driving more than 70% of inflation right now, according to the Bureau of Labor Statistics. So what gives?
Employers added a higher-than-expected 311,000 jobs, while unemployment rose from 3.4% to 3.6%.
“It’s clear there have been some shifts in the economy that just make their policies less effective,” says Neil Irwin of Axios.
Different types of consumer debt saw a substantial rise in January, according to the Federal Reserve.
January was an outlier for jobs, spending and inflation — but can we rely on seasonally adjusted data when the past three Januarys have been so weird?
Strong consumer spending and job gains so far in 2023 spur Fed Chair Powell to double down on rate hikes.
Theoretically, yes.