The latest inflation data suggests is a mixed bag: Inflation is decreasing, but a slower rate than expected. Here’s what that means for you.
Even if inflation has now peaked, a slower-than-expected slowdown implies that taming inflation will take longer than expected.
To reduce inflation down to a benchmark target rate of 2%, the Federal Reserve announced interest rate hikes in March and May, with. These hikes increase the cost of borrowing, which can slow down economic growth. Hikes also tend to negatively affect the stock market, which is why investors look for signs that inflation is under control. If inflation is slowing, aggressive rate hikes beyond 0.25% increments are less likely — but the Fed has"There's good things and bad things in the report," says Tim Mahedy, a senior economist at global accounting firm KPMG. Reduced inflation, especially for gas prices, are good — but increased core inflation is a nagging concern, he says.
"For this report, I was holding my breath. And I was left holding my breath for next month's [report], because there's not enough there to make me think [inflation is] going one way or the other," he says."If we don't get inflation below 8% in May, then I'll start to get concerned.". Consumer demand for goods and services remains very strong, and isn't expected to contract for the rest of 2022, according to his projections.
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