Reported about 16 hours ago
As recession fears grow in the U.S., experts suggest that worries about inflation should take precedence. Recent data highlights a slowdown in consumer spending and economic growth, influenced by temporary events like severe weather. However, job growth remains strong and unemployment low, indicating a solid economic foundation. Federal Reserve officials express more concern about rising inflation due to trade tensions rather than a potential recession, emphasizing the need for caution on managing consumer prices.
Source: YAHOO