2min chapter

Moody's Talks - Inside Economics cover image

Forecast Surprises, Successes and Slip-Ups

Moody's Talks - Inside Economics

CHAPTER

The Upside of the Consumer Credit Crisis

As labor market does, wages are going to come in. And certainly that's going to start to put more pressure on consumers. I think the excess savings we've been talking about have been a real boon but those are running lower and lower every month. So I think it's going to get tighter here, and we're going to be right-walking the tight rope.

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