Growth that's resilient enough to withstand high borrowing costs, paired with inflation that remains above target, would reinforce the case for keeping monetary policy restrictive.
Add Axios as your preferred source to
see more of our stories on Google.
Illustration: Sarah Grillo/Axios
Thursday's GDP and inflation reports are expected to reinforce the Federal Reserve's dilemma: Economic growth is holding up, while inflation remains too hot for comfort.
Why it matters: Growth that's resilient enough to withstand high borrowing costs, paired with inflation that remains above target, would reinforce the case for keeping monetary policy restrictive.
Excluding food and energy, the Producer Price Index was up 0.2% in July, below analysts' forecasts.
The U.S. economy is showing robust growth, with first-quarter GDP revised upwards to 2.1%. The International Monetary Fund…
Inflation remained above the central bank’s 2% target at a time when Americans are frustrated about the high cost of living ahead…
The Fed on Wednesday chose to leave its benchmark interest rate unchanged for the fifth straight meeting.
Both headline and core Personal Consumption Expenditures reached their highest year-over-year readings in about three years.
The US economy expanded at a sluggish 1.5 per cent pace from April through toJune as rising imports weighed on growth, yet…
