Global Economy Briefs
2022
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Consumer Spending Continues to be Buffeted by High Inflation
August 26 | Dana M. Peterson, Chief Economist and Leader, Economy, Strategy & Finance Center, The Conference Board | Comments (0)We expect the Fed to continue to raise rates into 2023 to tackle persistently high inflation.
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July retail sales flat as gasoline prices fell
August 17 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)Looking ahead, we expect consumer spending growth to fall into negative territory as the economy slips into recession.
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July inflation eased somewhat, but remains high
August 10 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)The Consumer Price Index (CPI) slowed to 8.5 percent year-over-year in July, vs. 9.1 percent in June.
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June PCE inflation data may push Fed to continue large hikes
July 29 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)June Personal Income & Outlays data, released this morning, showed an economy that is continuing to grapple with inflation.
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US economy not yet in recession, despite negative Q2 GDP
July 28 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)While negative, this quarterly annualized growth rate was an improvement from the -1.6 percent rate seen in Q1 2022.
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Hawkish Fed will likely spark recession in late 2022
July 27 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)As expected, the Fed hiked interest rates by 75 basis points today - the fourth consecutive increase this year and the second 75 basis point hike in a row.
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Retail Sales Improved, But Not Enough to Counter Inflation
July 15 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)The latest retail sales data show an economy that may be losing some momentum as headwinds from high inflation and rising interest rates intensify.
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CPI Reaction—Prices Hit Another 41-year High
July 13 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)Prices increased both month-over-month and relative to a year ago, providing further reason for the Fed to follow through with a 75bp rate hike on July 27th
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Inflation, Recession Fears Slowing Consumer Spending
June 30 | Dana M. Peterson, Chief Economist and Leader, Economy, Strategy & Finance Center, The Conference Board | Comments (0)The May Personal Income & Outlays report is beginning to show the limits of consumer spending amid high inflation and Fed rate hikes.
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