The potential increase depends on robust consumer demand
Weaknesses hidden by the pandemic response may now emerge as economic conditions degrade
Excluding food and energy, annual consumer prices in the U.S. rose 5.9% on an annual basis in June
Nearly half of respondents are reining in spending on travelling, dining out and entertainment
Esther George of the Kansas City Fed sounded a more cautionary note in a speech Monday
Central bank may need to trigger a recession to tame inflation
By historical standards, the contraction is expected to be short-lived
An ‘even more restrictive stance could be appropriate’ if inflation persists, U.S. central bank officials warn
Think tank calls for BoC to adjust its target inflation rate to 4%
Ongoing rise in food and energy prices continues to drive increase