Economy | Meridian Magazine
Rhodes Rolls - Hot fresh rolls with dinner tonight

Sign up for our newsletter

   

Signed up, but still not getting our newsletter? Click here.

 

May 18, 2022

First Line News Articles for Wednesday, May 18 2022

Economy

Despite inflation, retail sales in U.S. rise by almost 1% in April

American shoppers don’t appear to be deterred by rising prices in the United States, as retail spending increased by nearly 1% during the month of April, the Commerce Department said in its monthly report Tuesday.

Powell says the Fed will not hesitate to keep raising rates until inflation comes down

Federal Reserve Chair Jerome Powell emphasized his resolve to get inflation down, saying Tuesday he will back interest rate increases until prices start falling back toward a healthy level.

  • INSPIRATION FOR LIVING A LATTER-DAY SAINT LIFE

    Daily news, articles, videos and podcasts sent straight to your inbox.