Weaker U.S. Consumer Spending, Rising Inflation Pose Dilemma for Fed

Reuters, Jan. 28, 2022–Lucia Mutikani
U.S. consumer spending fell in December, suggesting the economy lost speed heading into the new year amid snarled supply chains and raging COVID-19 infections, while annual inflation increased at a pace last seen nearly 40 years ago.
https://www.reuters.com/world/us/us-consumer-spending-falls-december-inflation-increases-2022-01-28/