A pivotal week in the life of the U.S. economy

New inflation numbers will signal gloom or glory, as the Fed considers its next move amid a strong labor market. Nightly reports 👇

A 'We Want You!' sign is posted at an Ike's Love & Sandwiches store in Los Angeles, Calif. | Mario Tama/Getty ImagesStrap in for a pivotal week in the complicated and high-risk life of the American economy., offering a level-check on just how much 40-year high inflation is really going down .

Then, on Wednesday, Federal Reserve Chair Jerome Powell is expected to announce that the central bank is easing up on the size and pace of its rate-hiking campaign aimed at slowing the economy and thus inflation.. He must signal a somewhat lighter approach on rate hikes because Wall Street expects it and some economic signals are showing early signs of tilting toward recession.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

politico /  🏆 381. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Expectations of inflation are falling sharply, New York Fed survey findsA New York Fed survey found the largest-ever monthly drop in the year-ahead expectations for inflation. Expectations of inflation have been a leading indicator for future inflation.
Read more »

Meghan Markle Says She Was ‘Fed To The Wolves’ In New Trailer For Netflix Documentary“They were happy to lie to protect my brother, but they were never willing to tell the truth to protect us,” Prince Harry says in the second part of the ‘Harry & Meghan’ series.
Read more »

The New Day Defeats Pretty Deadly: New NXT Tag Team ChampionsTheNewDay (XavierWoods and KofiKingston) defeated PrettyDeadly (EltonPrince and KitWilson) at WWE's NXTDeadline to become the new NXT Tag Team Champions.
Read more »

Lee Lorenz, New Yorker cartoonist who cultivated new talent, dies at 90As an editor for nearly 25 years, Mr. Lorenz brought more than 50 new cartoonists onto the New Yorker pages including Roz Chast and Bob Mankoff.
Read more »

COVID-19 cases Illinois: IL reports 2,356 new coronavirus cases, zero new deathsIllinois reported 2,356 new COVID cases and zero new deaths Monday. Multiple Chicago area counites have been raised to a 'medium' risk level.
Read more »

Williams F1 team parts ways with Jost CapitoWilliams will enter the 2023 F1 season with a new driver and new leadership.
Read more »