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In the Fed's latest Beige Book survey, businesses in pretty much every Fed district said they expect increases in worker pay to slow down.

Interest rates are now at a 22-year high, and Americans are starting to feel that the Federal Reserve is going overboard with its rate hikes. Despite one of the fastest rate-raising cycles on record, U.S. employment levels have remained high, and a widely predicted recession has failed to materialize. Wages for most workers are about…

Yet more weak US inflation data saw the price of gold rise for Dollar investors but hold flat for 2023 so far in Euros and show a 2.5% fall in UK Pounds year-to-date as other global data challenged the 'soft landing' outlook

<p><span>Thanks to President Kasey Buckles and the program committee for affording me the opportunity to give the C. Woody Thompson Memorial Lecture. It is a pleasure to be back in the Midwest. Before joining the Federal Reserve, I taught economics at Michigan State University, which I chose for its bird's-eye view of the industrial Midwest. Big 10 rivalries aside, Ohio and Michigan share quite a lot, including many of the same economic concerns and interests.</span></p>

Federal Reserve warns the job's not done, flags more rate rises. Meta, Peloton, and Carvana surge.