CPI, Cars, and Credit Conditions
Moody's Talks - Inside Economics
00:00
The Increase in Repair Costs in the Used Car Industry
CNN's John Defterios and his colleagues look at data to see what they think is going on in the economy. They find an increase in households with multiple vehicles that has actually grown when a lot of people had projected that we would see a decline in vehicle ownership. Expected inflation jumped a full percentage point, which doesn't make any sense whatsoever. What else? The inflation expectations for Michigan are down 8.9%.
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