The US Consumer Confidence Index (CCI) falls to 97.0 in April, against estimates of 104 by the Conference Board. Inflation and rising prices continue to be American consumers’ chief concern whenever they open their wallets.
Mitlin Financial Founder Lawrence Sprung joins Wealth! Host Brad Smith to outline the inflationary pressures squeezing US consumers and the Federal Reserve’s current debt charge rate narrative ahead of its next policy decision tomorrow, Wednesday, May 1.
“As long as the labor numbers and the wage development continues the grow at the pace we’re seeing, that solves a lot of issues. But at the same time, we have macro events going on. This is an election year which typically will also make people feel a little bit uneasy until we have some certainty about how that’s going to play out,” the money planning Made Personal author explains. “So we have a number of different forces that are at play that are playing with people’s confidence.”
#inflation #youtube #news
About Yahoo money management:
Yahoo money management provides free stock ticker data, up-to-date news, collection of investments management resources, comprehensive industry data, advanced tools, and more information to help you manage your financial life.
– Get the latest news and data at money management.yahoo.com
– Download the Yahoo money management app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
– Follow Yahoo money management on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/enterprise/yahoo-money management
Disclaimer:
If you own the YouTube channel related to this video and do not want it to be featured here, you can contact us through our contact page. We will gladly remove it without questioning your reasons.