Inflation

The day after the FOMC announces its policy decision, Christian Scherrmann, U.S. Economist at DWS Group, will offer his take on the meeting, Fed Chair Powell's press conference and what comes next.

Bank of America Corp. is predicting a "shallow economy" though signs of weakness or stress aren't showing yet, according to its chief executive officer.

President Joe Biden's White House engaged in mathematical gymnastics on Thursday to draw some positive news out of an otherwise gloomy inflation report — one of the last that voters will see before they decide control of Congress in November.

Growth is already slowing after its previous increase, but with inflation persisting, it seems a recession is necessary to ease price pressure.

The figures reaffirm price pressure are rampant and widespread across the economy, and having effect on real wages.

The Federal Reserve has started a hiking cycle that's expected to continue with half-point increases in June and July, Marvin Loh, senior macro strategist at State Street Global Markets, will assess the June Federal Open Market Committee meeting and tell what he expects the panel to do in the future.

The Federal Reserve is about to start shrinking its $8.9 trillion balance sheet, deploying a second tool along side higher interest rates to curb inflation, though officials don’t know just how effective it will be.

With talk of an overheating economy abating, economists see few signals that would indicate near-term rate spikes.

Edward Al-Hussainy, senior interest rate and currency analyst at Columbia Threadneedle, will discuss the economy, inflation and the Federal Reserve.

Recent reports show inflation rising, but employment underperforming, while interest rates dropped across the board.