This week on “Inside the Economy”, we discuss inflation and the jobs outlook. Core inflation has continued to rise, reaching about 3.4% YOY. Spending has remained muted, savings rates are at all-time highs, food and gas prices have risen, but with the Federal Reserve’s target still at 2%, where will inflation be at the end of the year? Job growth is rebounding faster than any other recession Post WWII, but when will we see full employment? Tune in to learn about all this and more!
- Personal savings rates continue to sit at all-time highs
- Medium home prices remain high with low market supply
- Low yields continue in investment-grade corporate bonds
- 2021 1st Quarter GDP estimate comes in at 6.4%