US economy latest, inflation, home prices and retail sales | CNN Business
US economy latest, inflation, home prices and retail sales | CNN Busi…
4 months ago
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Inflation is up again, with a 4.9% YoY increase, making it 17.4% since Biden took office. This means that everything in your life is more expensive, from groceries to gas. The government’s official numbers don’t account for the real increase in prices, which could be closer to 9.8%. The Federal Reserve now faces a choice between raising interest rates or allowing inflation to keep rising. However, we are likely to see both high interest rates and high inflation, creating a self-perpetuating spir
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