#youtube #yahoofinance #interestrates
Recent retail earnings reports show a cut back in consumer spending. Paul Donovan, UBS Global Wealth Management Chief Economist, joins Yahoo Finance Live anchors Julie Hyman and Brad Smith to discuss how consumer spending may impact the upcoming Fed decision on interest rates.
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Time for fair wages.
If he doesn’t raise, Powell goes down as a weak and squishy fed chair… allowing inflation to run rampant while being unwilling to punish markets enough to reign it in
Social media will push back against prices?! hahah wow, it’s time for a hike, clearly.
Opsie. Inflation Genie has escaped FED’s tool box.
It does not make sense for the fed to keep raising interest rates to cool demand. People are already putting the breaks on discretionary spending. Inflation continues to rise on essentials, food, housing and fuel. People are forced to pay for things they need and falling behind. People have cut thier purchases on luxury goods, durable goods they can put off replacing, clothing, and cars. Markets and stores are closing because fewer people go out to eat at restaurants, while restaurant costs and labor shortages rises. Malls have empty spaces as businesses close or go online because they can’t afford the rent. Big stores are closing stores as inventories cost rises ,shortages of goods, labor, and supply chains issues are still a source of friction.
I’ve been to London a few days ago and Oxford Street and Harrods were jam-packed with people buying stuff…
They still haven’t caused enough damage yet