Fed still engaged in inflation fight: Weekly Economic Review & Outlook
Last week was a slow week for economic news and data. Fed Chair Jerome Powell restated his prior stance that the door remains open for more rate hikes if inflation and the economy do not slow meaningfully but added that the Fed will be cautious when considering policy decisions at next month’s FOMC meeting. On the data front, consumer sentiment fell again, hitting a six-month low and nearing its lowest reading in a year.