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US consumers could be reaching their breaking point. After dealing with elevated inflation and the highest interest rates in decades, they’re starting to rein in their spending. Last month, retail sales were unchanged from March, when spending increased by a downwardly revised 0.6%, the Commerce Department reported on Wednesday. April spending missed the ...
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post: Fed’s Kashkari: Fed is Focused on Underlying Demand in the Economy to Get Inflation Down Kashkari: Americans Have Been Spending More Than I Would Have Expected post: <=USD>:*FED'S KASHKARI: NEED TO PAY MORE ATTENTION TO ACTUAL INFLATION post: KASHKARI: HOUSING MKT HAS BEEN MUCH MORE RESILIENT THAN I WOULD HAVE EXPECTED KASHKARI: VERY FOCUSED ON HOUSING AREA RIGHT NOW post: FED'S KASHKARI: THE BIG QUESTION MARK NOW IS, HOW RESTRICTIVE IS POLICY RIGHT NOW? post: KASHKARI: WE PROBABLY NEED TO SIT HERE FOR A WHILE LONGER TO FIGURE OUT WHERE INFLATION IS HEADED
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