Inflation Concerns

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Inflation Concerns

B
Benzinga

2 Views • Sep 01, 2021

Description

An important inflation indicator that the Federal Reserve uses rose 3.5% year over year in June, making it the fastest rate of increase since 1991. Furthermore, consumer spending increased by 1%, faster than experts anticipated. Earlier in the week, the chairman of the FED, Jerome Powell, said that he does not expect a rise in interest rates for the foreseeable future.