The Federal Reserve raised short-term interest rates even though inflation remains below where it wants it to be.
Retail Gains (for Some), Inflation Rebounds: May 8 – 12
Retail sales increased during April, although not all retailers benefited from increased consumer spending. Meanwhile, inflation rebounded during April after having taken March off.
The Fed Acted Last Week and Intends to Do So Twice More in 2017. What We Learned During the Week of March 13 – 17
The Federal Reserve raised its short-term interest rate target and not for the final time this year.
