Wall Street Journal quotes Lew Altfest in “Investors Are Still Keeping an Eye on Inflation”
U.S. stocks bounced back in January. Though a pickup in inflation early last year sparked lifting interest rates, recent data has shown inflation as subdued, for now. Following the Federal Open Market Committee (FOMC) meeting on January 30th, investors are paying close attention to the health of the economy. In this Wall Street Journal live blog, Lew said “if inflation picks up, that will create great difficulties for our economy, and likely result in a more aggressive fed policy.” Read the full live blog here.