U.S. stock indexes close at record highs as inflation cools-Xinhua
U.S. stock indexes close at record highs as inflation cools-
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U.S. stock indexes close at record highs as inflation cools-
U.S. retail sales for April came in below expectations, breaking a trend of strong sales reports and leading some economists to wonder if the consumer is slowing down.
"Higher rates are intended to cool consumer demand; the trouble for the Fed is: it's not working."
"Higher rates are intended to cool consumer demand; the trouble for the Fed is: it's not working."
The possibility that the U.S. economy could enter a period of stagflation came into focus Thursday as the quarterly GDP report showed a sharp slowdown in growth and a surprising surge in inflation.