Tag
With inflation trending down, and retail sales numbers edging up, the Federal Open Markets Committee is going into its late July meetings with fairly positive numbers.
Consumers forecast inflation at 3% a year from now, the lowest their short-term expectations have been in three years.
Russia remains economically isolated and it’s suffering a brain drain of young, educated professionals, explains Kristy Ironside of McGill University.
If wages were to rise as fast as prices right now, it could lead to a wage-price spiral, something the Fed is trying to prevent.
