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Until recently, consumers had been spending less on goods and more on services. That’s changing. Here’s what it could mean for inflation.
Housing is one of the biggest parts of inflation, but current metrics lag by about a year. The new tenant repeat rent index aims to change that.
The personal consumption expenditures price index, better known as the PCE, tracks what we paid for goods and services in the previous month.
In Southern California and South Carolina, businesses are looking for loans. But in the Midwest, owners are hesitant to borrow.
Some officials want a 0.75% rate hike at the next meeting. Others think a 0.5% increase is enough.
Immigrants have accounted for a major share of labor force growth for years, increasing production, which keeps inflation lower, experts say.
When people have to spend more and more on rent, there’s not much left over for other essentials.
A lot of investors were betting that the Bank of Japan would join other central banks in hiking rates to beat back inflation.
A recent New York Fed report finds that households in these demographics have experienced higher-than-average rates of inflation.
A New York Fed survey shows consumers are cutting back. But inflation means they’re paying more for the same stuff.