Rising Prices
Last Week: The U.S. economic data and corporate earnings reports clearly indicated a strengthening recovery, along with new signs of mounting inflationary pressures. Retail sales surged 9.8% in March compared to the prior month, its steepest increase since May last year, when the retail sector rebounded from the early spring shutdowns across the nation. US jobless claims plunged to 576,000 last week, their lowest level of the COVID-19 pandemic, and far [...]