Reported 4 months ago
Price cuts by major U.S. retailers and a slowdown in consumer spending could increase the Federal Reserve's confidence in declining inflation. Data showing a decrease in overall consumption and disposable income in April, as well as a slower economic growth rate due to reduced consumption, may align with the Fed's goal of reaching a 2% inflation target. While recent inflation numbers have shown an increase, policymakers are monitoring the situation closely for signs of a softer economy and are considering adjusting interest rates accordingly.
Source: YAHOO