Expectations for inflation a year from now jumped by 0.6 percentage points in May, hitting a new series high of 4 percent, the Fed branch said on Monday.
Fed officials have worried for years that inflation expectations might be drifting too low, so they could see the survey’s findings as a positive development.
At the same time, the rebound has happened abruptly, and if it continues it could push expectations too high for comfort.
Investors will have a timely opportunity to see how the Fed is interpreting the latest data, given that the central bank meets this week and is scheduled to release its latest monetary policy statement on Wednesday alongside fresh economic projections.
The Fed and the White House are trying to sift through temporary, pandemic-spurred jerks in the data to gauge how much help the economy needs as it heals from more than a year of social distancing and rolling business lockdowns.
“Unless serious restrictions had to be reimposed, the damage to the U.K.
In May, indoor dining opened, events such as weddings could have more guests, and theaters could open with limited capacity, lifting the economic recovery further.
At the start of this year, when most businesses had shut their doors because of the second wave of the pandemic, the economy contracted only 1.5 percent in the first quarter.
The Night Time Industries Association, a trade group which represents night clubs and concert venues, said many businesses were already on a “financial cliff edge” and would close without more government support.
Tesla, the electric vehicle maker that Mr. Musk runs, said in February it would accept Bitcoin for payment, before reversing itself in May over concerns about how much energy is consumed to create new coins and process transactions.
The federal agency that enforces workplace discrimination laws says they can, but chief executives fear vaccine mandates would lead to lawsuits, invite political upheaval and be hard to enforce.
Nearly 7,600 people from 159 countries registered to bid on the flight aboard the New Shepard — its first with passengers — which is expected to launch on July 20 from West Texas.
This week, investors will be turning their attention to the Federal Reserve, which is holding a policy meeting on Tuesday and Wednesday.
“Concern that rising inflation will derail the market recovery or lead to sharply higher bond yields is probably misplaced,” analysts at Goldman Sachs wrote in a note.
Lordstown Motors shares fell more than 15 percent in after the electric truck maker said that its chief executive officer and chief financial officer have resigned.
When it comes to bankrolling the federal government, the richest of America’s rich — many of them hailing from the private equity industry — play by an entirely different set of rules than everyone else.
One reason they rarely face audits is that private equity firms have deployed vast webs of partnerships to collect their profits.
Increasingly, the agency doesn’t bother.
Dozens of companies are now building these aircraft, and three recently agreed to go public in deals that value them as high as $6 billion.
One company is building a single-person aircraft for use in rural areas — essentially a private flying car for the rich — that could start selling this year.
He now says that autonomy will be far more powerful in the air than on the ground, and that it will enter our daily lives much sooner.
Attorney General Merrick B.
The leaders of two of those organizations — The Times and CNN — were also subjected to gag orders in related legal fights for reporters’ email data that spilled over into the Biden administration.
Sulzberger, and a Times newsroom lawyer, David McCraw, who were among those gagged in March — are expected to raise concerns about the investigative steps affecting reporters, and to discuss the details of the new policy Mr. Garland is working on.