Consumer Anxiety Persists Despite Lower Inflation Data
Schwab Network · Schwab Network
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Show Notes
Tsvetta Kaleynska analyzes what consumers say online, noting a “fragile” spending situation. While data is showing lower inflation, “consumers feel the pinch on a daily basis” and doubt the data as their day is “getting harder and harder.” Tsvetta also discusses energy and gas prices for consumers, along with shelter, which has “been fueling consumer anxiety.” Food costs are “rising in general” with grocery a “huge negative driver this month.”
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