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Moody's Talks - Inside Economics
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The Impact of the Fed's Target for Consumer Price Inflation
Middle income, low income households have likely blown through all of the excess saving that they had during the pandemic and including stimulus money. So now we're really seeing the impact of stripping that out, right? Right. I think that that staved off a more a deeper downturn than we would have had, you know, had that not passed. And one of the reasons for that is this recent run up in all prices. Exactly. Yes. It's a concern. Yeah. Okay. Let's go back to your rundown and let's just explore that a little bit more.
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