CNBC Fast July 3, 2024
Thats the lowest since july of 2022. Whats going on here . I think its way too premature to talk stagflation. Thats the word of the day, the dreaded s word. Its premature. That gdp number last week i think will get revised higher. I think the consumer was misrepresented. If you look at all the numbers, the wage numbers weve been getting in the eci today, up 4. 3 year over year, thats great for the consumer. If you look at the pce last week, income and spending grew 5 and 6 respectively. Thats great for the consumer. Manufacturing, we talk about it all the time, i had a whole slew of companies ...