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Jobs, the economy, & inflation: People are feeling 'a lot better' Kyla Scanlon says
· 03.02.2024 · 17:00:07 ··· Samstag ⭐ 0 🎬 0
📺 Yahoo Finance
With the University of Michigan Survey of Consumers revealing a reading of 78.8 for January — its highest level since July 2021 — and inflation data showing inflation is cooling towards the Federal Reserve's target rate of 2%, the vibecession may be over for many consumers.
Kyla Scanlon, author of In This Economy?: How Money and Markets Really Work, joins Yahoo Finance to discuss the next movement in consumer sentiment and take a look at trends in the broader market moving forward.
The financial content creator comments on current consumer sentiment coming off of vibecession cues:
"If you ask people their number-one economic concern, a lot of times it is things are very expensive at the grocery store, and so I think inflation and inflation going down is key. However, when we talk about inflation going down, a lot of people think that that means that prices are going to go down, but that's deflation. And so inflation is improving. We do see a big recovery. It's getting a lot closer to the Fed's target of 2%. But I do think that prices are going to remain elevated. They're not going to go back down. I think that's going to create a lot of frustration for people."
#youtube #Jobs #yahoofinance
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· 03.02.2024 · 17:00:07 ··· Samstag
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