The government says inflation is under control. But what you see could be different.
Much of the recent economic data we’ve seen has looked better than expected, but this week’s economic updates may prove to be less inspiring.
This week’s economic data lineup is compressed, because of the President’s Day holiday. The early focus will be on the housing market. Later, inflation.
Another week brings more opportunities to gauge the economy, and investing opportunities, in the form of economic indicators.
For the second week of April, investors can look forward to the National Federation of Independent Business Index, the Beige Book, the producer price index, the Consumer Price Index and the University of Michigan Consumer Sentiment Index.
NFIB small business survey
On Tuesday, the National Federal of Independent Business will release their survey of small business owners for the month of March. The February reading of the NFIB small business survey, released last month, indicated an increase for the sixth consecutive month.
As Congress struggles with ways to reduce the federal deficit, one of the approaches that appears to be among the most likely to be adopted is a revision in the way the Consumer Price Index is calculated. The CPI measures how much the cost of the things people buy is affected by inflation. The chained
Costs to consumers inched up in May, the core Consumer Price Index rose 0.3 percent. That represents the biggest increase in consumer costs minus food and energy since July 2008 according to the Department of Labor. Prices for clothing, shelter, new cars and recreation all went up in May, as did the price of food.