The gap between perception and actual inflation is unusually wide
Federal deficit projected to rise to $46.5 billion in 2023-24, up from an estimated $38.7 billion for 2022-23
Banks to bear the brunt of fee increase, as case volumes jump
Governors held key interest rate steady last month, but signalled they haven't closed the door to more rate hikes if needed
But prices continue to rise faster than is consistent with the Fed's 2% target
Defaults still low, but DBRS on guard for deteriorating financials
Tight financial conditions, high economic uncertainty remain key vulnerabilities
The Fed may be able to avoid a rate hike at its next two-day meeting
Biggest year-over-year gain since April
Mideast war poses new uncertainty