Retail sales rise for the fourth straight month as prices keep climbing.
Coral Murphy Marcos • May 17, 2022
Gas prices cooled down slightly in April but were still at elevated levels, while oil prices remain volatile.
Jerome Powell, the Fed chair, said the central bank is prepared to raise rates more quickly and higher if price pressures fail to fade.
Layoffs are up only minimally, and employers may be averse to shedding workers after experiencing the challenges of rehiring.
