Inside the Economy: Inflation Outlook and Spending

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!

Key Takeaways:

• 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