Philly Fed president calls inflation ‘the 10% elephant in the room’

The Federal Reserve Bank of Philadelphia’s president forecasts inflation decline without more interest rate hikes.

The majority of small businesses across the Delaware Valley did not see an increase in revenue during 2022, but that’s an improvement since the COVID-19 pandemic began.

The Philadelphia Federal Reserve’s monthly survey of manufacturers found that activity in the region continued to decline for the ninth time in a row.