CNN Early Start June 4, 2024 09:54:00
Inflation. do you see that continuing? >> i do. it is amazing resilience. consumers are really hanging tough. they are not spending with abandon, but they are hanging in there. and there is good reason. unemployment is 3.5%. that is about as low as it gets. inflation has been a problem, but good news is that it is coming back down and now wage growth is stronger than inflation. so peoples purchasing power is improving. we talked about debt loads. other thing is asset prices, what people own stoc...
Source: archive.org