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Retail sales were weaker than expected in April, furthering concerns about the state of the consumer amid sticky inflation and higher interest rates. Retail sales were flat in April from the previous month, according to Census Bureau data. Economists had expected a 0.4% increase in spending, according to Bloomberg data. This marked a slowdown from the 0.6% ...
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post: Fed’s Kashkari: Fed is Focused on Underlying Demand in the Economy to Get Inflation Down Kashkari: Americans Have Been Spending More Than I Would Have Expected post: <=USD>:*FED'S KASHKARI: NEED TO PAY MORE ATTENTION TO ACTUAL INFLATION post: KASHKARI: HOUSING MKT HAS BEEN MUCH MORE RESILIENT THAN I WOULD HAVE EXPECTED KASHKARI: VERY FOCUSED ON HOUSING AREA RIGHT NOW post: FED'S KASHKARI: THE BIG QUESTION MARK NOW IS, HOW RESTRICTIVE IS POLICY RIGHT NOW? post: KASHKARI: WE PROBABLY NEED TO SIT HERE FOR A WHILE LONGER TO FIGURE OUT WHERE INFLATION IS HEADED