Inflation has picked up in recent months, with prices rising on everything from gas to food and insurance.
WSJ’s Dion Rabouin explains how the latest U.S. retail sales report will provide the Federal Reserve the most important data point yet on the state of U.S. consumers.
Photo: Jamie Kelter Davis/Bloomberg NewsAdd surging interest rates to the list of threats staring down the U.S. economy.
The yield on the U.S. 10-year Treasury note touched 5% on Monday for the first time in 16 years, after climbing rapidly in recent weeks.
That is among many borrowing costs—including for other long-term government debt, mortgages, credit cards, auto purchases and business loans—that could slow the surprisingly resilient economy.
Persons:
WSJ’s Dion Rabouin, Jamie Kelter Davis
Organizations:
Federal Reserve, Bloomberg
Locations:
U.S