Speaking to the Foreign Bankers' Association, the central bank leader noted that the rapid disinflation that happened in 2023 has slowed considerably this year.
Mandy Xu, CBOE, joins 'Fast Money' to talk volatility in the market and upcoming inflation read.
Steve Englander, head of global G10 FX research and North America macro strategy at Standard Chartered Bank, outlines his forecasts for U.S. monetary policy and the strength of the U.S. dollar.
Historical data suggests the key factor in bringing down prices is a slowdown in consumer spending. Despite nearly half of Americans reporting feeling in a worse financial situation than five years ago, they're still spending. Retail sales were up 2.1% year over year in the first quarter of this year and consumer spending jumped in February and March. Watch the video above to learn more about why prices will likely remain high.
Americans are still feeling the pressure of high prices despite reports of inflation slowing and wages increasing.
Markets often respond to Fed comments with big price swings, and recent research shows they are particularly reactive to Fed Chair Jerome Powell.
Krishna Guha, Evercore ISI Vice Chairman, joins 'Closing Bell Overtime' to talk what's ahead for the Fed and what we should take from the latest economic data.
Nebraska Furniture Mart Chairman Irv Blumkin speaks with Becky Quick at the Berkshire Hathaway Annual Meeting to discuss the state of the consumer, pricing, inflation and product sourcing.