This week on “Inside the Economy”, we will address inflation and consumer spending. Core inflation year over year jumped in April. The Federal Reserve’s target is still 2%, where will it be at the end of the year? Spending is back to where it was, however, most consumers are still sitting on a lot of cash. Will this keep inflation at bay? Tune in to learn about all this and more!
- Oil is little changed despite the cybersecurity issue on east coast
- 30-year mortgages continue to steady
- Hourly wages pick up as service industry reopens
- The U.S. dollar is still the world reserve currency, by a lot