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10-year Treasury note yields at 4.7%, highest since 2023. Fed Chair Powell not confident about inflation reaching 2% soon. Bond market strained.
Yields on the 10-year Treasury note have ascended to a striking 4.70% this month, the highest mark since early November 2023 amid a toxic mix of higher inflation, a stubbornly resilient economy and revised expectations around Federal Reserve rate cuts. Adding to the unease, Fed Chair Jerome Powell recently indicated the latest economic data does not bolster confidence that inflation will converge towards the Fed’s 2% target soon. The bond market strain is also reflected in the performance of rel
INDIANA — Most U.S. consumers surveyed in February 2024 predicted that food prices would increase over the next 12 months. According to the February Consumer Food Insights Report, 64% of respondents predict food prices will rise next year, and the average expected increase is 3.7%. Joseph Balagt ...
Food or nutrition-related New Year's resolutions were more popular among consumers going into 2024 compared to last year, according to the January Consumer Food Insights Report.
Survey also shows food expenditures 20% higher than last January.