Economics
Powell Says U.S. Economy to Flourish, But Data Leave Room for Debate
- Homebuilding, factories surge ahead and labor market is hot
- But retail spending moderates, sentiment slumps as prices soar
This article is for subscribers only.
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
The U.S. economy picked up in February, but the data so far this month is more mixed -- leaving room for debate about whether the expansion will indeed “flourish” in the face of rising interest rates, as predicted by Federal Reserve Chair Jerome Powell.