Has Inflation Peaked; U.S. and China’s Approaches to Consumer Spending Aug 11, 2022 View in your browser Has Inflation Peaked? U.S., China Consumer Spending Approaches By Blu Putnam, Chief Economist K.T. Arasu, Director of Economic Research CME Group Has Inflation Peaked? Consumer spending on durable goods is easing in switch to services As pandemic spending eases, fiscal policy is no longer a driver of inflation Fed shrinking balance sheet eliminates another driver of future inflation Low borrowing costs as a source of inflation has ended with rising rates Read article U.S., China’s Approaches to Consumer Spending U.S. raising rates to cool inflation, China is easing policy to bolster growth Chinese consumer spending rebounded in June after three months of declines U.S. consumer spending reverting back to services from manufacturing Pace of U.S., Chinese growth could impact global economic expansion Read article Privacy Notice | Terms of Use | Cookie Notice | Disclaimer SEE MORE ANNOUNCEMENTS
