Amid Rising Inflation and Slowing Growth, How is the U.S. Consumer Faring?
Exchanges
00:00
Is the Wealth Effect Turning Negative?
Our best guess is that we will stay in roughly the 1% consumption growth neighborhood, and I would really think of that as the ideal in this environment. The Fed is aiming for a gentle solution to the inflation problem, if that's possible. That means you want to grow below the economy's longer-term trend or potential growth rate but you want to avoid being in recessionary territory.
Transcript
Play full episode
