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4th Stimulus Check 2022 – Americans will get $800 cash based on your address – see if your zip code is eligible

Fed slows stimulus to lower inflation

The federal government had to deal with high prices, a booming housing market and record consumer spending.

The consumer price index (CPI) is reported to have fallen to 8.3% in April, still a few points higher than what experts had predicted.

Even though inflation was slightly below March’s record high when the CPI hit 8.5%, it’s still a problem for Americans across the country.

Additionally, the Fed’s slow withdrawal of stimulus dollars had no impact on consumer spending, with retail sales in April rising 0.9% from March, the Fed said.

The pullback actually raised the cost of capital, pushing the yield on the 10-year Treasury note up to around double the rate by early 2022, according to CFO Dive.


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