#inflation #economists #yahoofinance #consumerspending
Despite inflation and higher interest rates, consumers still increased their holiday spending, according to the latest data from Mastercard. RSM Economist Tuan Nguyen isn’t surprised given the excessive savings Americans built up during the pandemic. Nguyen believes that 2024 will be the year a “new normal” sets in, with the US economy achieving a soft landing with growth rates returning to pre-pandemic levels. However, Nguyen argues that over the coming years, inflation will be higher because “demographic changes, labor shortages, and re-globalization will lead to some more pressure on prices.” For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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I prefer not to tell
Upcoming U.S. election will force a boost in consumer confidence through a lot of political re-election marketing efforts.
Giant meteor 2024
Things will get back to normal financially in 2024. Thank you Biden.
There is no normal 🤓🖕
Go trump
Go to prison
The wisest thought that is in everyone’s minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest and trade in gold, stock and digital currencies. C. Kevin insights and charts are productive.
On X
Cischketrade
It is amazing how accurate his market analysis is and how well and patiently he is with beginners.
well, I can understand the wisdom behind working with these professionals because I’m completely aware of the psychological effects of bad financial decisions.