US Inflation Readings and Impact on Fed's Decisions

This chapter explores the upcoming readings on inflation in the US economy, including the consumer price index and producer price index. It discusses how these readings will influence the Federal Reserve's decisions on interest rates, the possibility of reaching the Fed's 2% target, and the implications for the economy. The chapter also touches upon air fares, used car prices, retail sales, and the uncertainty surrounding consumer spending in the current inflationary environment.