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US consumer inflation eases slightly in April, in good news for Biden

US consumer inflation eased slightly last month, according to government data published Wednesday, in a positive sign for President Joe Biden ahead of November s election. ....

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US inflation runs hotter than expected, boosting chances of Federal Reserve hold

With inflation still well above the Federal Reserve’s 2 per cent target level, financial markets are now betting that the Fed will keep rates steady. ....

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How bad is 'greedflation,' really? The price hikes may be impossible to bring down, central banker says

After companies got a taste of "greedflation" in the pandemic, bringing prices down will be a doozy, predicts Tom Barkin. ....

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November Retail Sales Report: Sales Barrel Through Expectations.

Retail sales rose 0.3% in November from the month prior. Economists were expecting the headline figure to fall by 0.2%. On an annual basis, sales rose 4.1%. ....

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Consumer demand for new cars and homes is why a modest recession is possible: Fannie Mae

Fannie Mae has forecasted a recession in 2023 since last April and said the tightening in credit lending would likely lead to slower future business investment this year. ....

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