No Trust in Fed: Rising Consumer Spending Fails to Spur US Inflation
![No Trust in Fed: Rising Consumer Spending Fails to Spur US Inflation](http://cdn3.img.sputniknews.com/images/102766/52/1027665204.jpg)
While consumer demand provides solid support to the US economy, inflation is unlikely to rise to the Federal Reserve-promised 2% by the year’s end due to cheap imports and energy, as well as the lack of any decisive action by the US monetary authorities.