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Federal Reserve Urges Action on Inflation

Federal Reserve Bank of Richmond President Thomas Barkin recently expressed concerns about rising inflation in the United States, indicating that the central bank may need to raise interest rates to a higher level than previously anticipated. With inflation continuing to run too fast for comfort, Barkin believes that the Federal Reserve may need to take…

Inflation Moderates in the US but Remains Elevated

Feb 14, 2023Haroon HaiderEconomy, Market Analysis, Public economicsairfare, coffee, consumer-price index, CPI, eggs, electricity, food at home, food away from home, fuel oil, gas utilities, gasoline, household energy, inflation rate, medical care, milk, new cars, rent, shelter, transportation, U.S. inflation, used cars, utility gas

Inflation Moderates in the US but Remains Elevated. The latest report from the Labor Department shows that US inflation moderated in January, but it still remains at historic highs. The consumer-price index (CPI), a closely watched measure of inflation, climbed 6.4% in January from a year earlier, down from 6.5% in December. This marked the…