Motley Fool Money An Inflection Point for adidas
Jun 13, 2023
Join Asit Sharma, a senior analyst at Motley Fool, as he delves into Adidas' challenges post-Yeezy, exploring their significant revenue impacts and the daunting task of managing unsold inventory. Alongside Robert Brokamp, they offer insights on current inflation trends and consumer behavior, pondering the implications for a potential economic soft landing. Brokamp also discusses the nuances of hiring a financial advisor, shedding light on the costs and benefits involved in optimizing personal finance strategies. It's a blend of economic insight and financial savvy!
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Inflation and Soft Landing
- Headline inflation hit a skosh over 4% in May, while core inflation (excluding food and energy) sits at about 5.2%.
- Despite this, consumer spending and business spending remain robust, contributing to a sense of economic stability.
What to Watch
- Focus on wage inflation as a key indicator for the economy, as it has the potential to push inflation forward again.
- While regional banks and housing/rental pressures require attention, wage inflation in a tight labor market poses a greater risk.
Powell at a Concert
- Jerome Powell was photographed at a Dead & Company concert, leading to questions about his focus on the economy.
- Asit Sharma suggests that a relaxed Powell might be better for the economy than an overworked one.