While services inflation began to moderate and rent prices rose at a slower pace, "inflation still remains too hot for the Fed's liking," according to senior economist at Wells Fargo in Charlotte, North Carolina Sarah House.
The proposed digital currency in Texas would be unique as it would be based on a physical asset, gold, and each unit of the digital currency issued would represent a particular fraction of a troy ounce of gold held in trust.
A Gallup survey indicates that 83% of Americans view the current state of the U.S. economy negatively with inflation being the biggest economic concern, while non-economic issues such as aspects of government or leadership cited as the leading problem by twice as many Americans.