KBRA Releases Research – Retail Sales Declined in May; Roaring Inflation Presses Fed Rate Forecast Higher

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NEW YORK, June 27, 2022--(BUSINESS WIRE)--KBRA releases research examining May 2022 retail sales. This month’s commentary discusses the trend of slowing retail sales growth since the start of the year amid an environment of persistently high inflation. The report also examines upward revisions to the Federal Reserve’s rate forecast included in its June 15 quarterly summary of economic projections, which signals a growing consensus that larger rate hikes may be needed to quell inflation than had previously been anticipated.

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About KBRA
KBRA is a full-service credit rating agency registered in the U.S., the EU and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220627005680/en/

Contacts

Peter Scherer, Director
+1 (646) 731-2325
peter.scherer@kbra.com

Karen Daly, Senior Managing Director
+1 (646) 731-2347
karen.daly@kbra.com

Business Development
William Baneky, Managing Director
+1 (646) 731-2409
william.baneky@kbra.com

James Kissane, Senior Director
+1 (213) 806-0026
james.kissane@kbra.com

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