Inflationary Pressures Remain Elevated

Consumers kept spending in June even as they remained wary about future
https://www.washingtonpost.com/business/2022/07/29/consumer-spending-june/
 
Pay growth and prices picked up, keeping the Fed on track for rate increases.
https://www.nytimes.com/2022/07/29/business/economy/fed-inflation-wage-growth.html
 
Yellen’s Legacy Is Being Eroded by Inflation
https://www.bloomberg.com/opinion/articles/2022-07-29/janet-yellen-s-legacy-is-being-eroded-by-inflation
 
Euro-Zone Inflation Hits Record, Backing Calls for Larger Hikes
https://www.bloomberg.com/news/articles/2022-07-29/euro-zone-inflation-hits-record-backing-calls-for-larger-hikes