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Americans see brighter economy as inflation cools
A University of Michigan index shows confidence rising swiftly while New York Fed finds inflation expectations at a near three year low. Pay and earnings outpace inflation with weekly wages up 2.2 percent last year, and inflation cooled to 3.4 percent. Fears linger as prices remain well above pre pandemic levels and rent climbs persist.
MENTIONED IN THIS ARTICLE
Washington
Joe Biden
University of Michigan
Federal Reserve Bank of New York
Federal Reserve
Fed
Grace Zwemmer
Oxford Economics
Romane Marshall
Atlanta
Marshall
Dana Smith
Smith
Matthews
N.C
Charlotte