Recent progress on fighting inflation continued in November, with consumer and producer price indexes decelerating further. The labor market cooled slightly, but remained generally resilient. The Federal Reserve held its policy rate steady at an upper bound of 5.50%, with multiple officials opining that monetary policy was at a sufficiently restrictive level to get inflation…Read more
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Uneven Playing Field Americans of all demographic groups have noticed the higher prices on products and services over the past years as the pandemic-era inflation took its toll. But young and low-income Americans are disproportionately affected by higher inflation, according to a report from the Federal Reserve Bank of New York. Forced to Rent The…Read more
