The Monday Mix: February 13 – 19, 2022

Top-of-mind economic news as we start the week:

Federal Reserve officials stressed the need to keep raising their key rate in order to curb inflation, which is running much higher than the Fed’s 2% target.

The yield on 10-year US Treasuries hit 3.9%, the highest level since Nov. 2022, as traders assessed inflation data.

One of the largest office space owners in Los Angeles defaulted on $755 million in debt, indicating the stress faced by office real estate given remote work.

US consumer spending jumped 3% in January (not adjusted for inflation), even as more consumers turned cautious about the economy.

BP said it will invest $1.3 billion by 2030 to create a network of electronic vehicle charging stations across the US.

Disclaimer: Clicking on any of the above links will take you away from the LNW web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.