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Inflation concerns rise as economy rebounds in 2002
A surge in consumer demand and energy costs sparks worries that the stronger economy may fuel inflation. Clothing and airline ticket prices rise in February and March while medical costs climb. Greenspan signals possible rate hikes, with analysts forecasting gradual 0.25 point increases toward 2003.
MENTIONED IN THIS ARTICLE
Washington
Fed
Sung Won Sohn
Wells Fargo
Minneapolis
Sohn
Federal Reserve
Alan Greenspan
Congress
Mark Zandi
Econo
David Wyss
Standard & Poor's
New York
Greenspan