Reported about 4 hours ago
In light of September's Consumer Price Index data surpassing expectations, Mark Hamrick, a senior economic analyst at Bankrate, discusses the factors influencing inflation in the U.S. He emphasizes the significance of energy prices, notably crude oil, as well as other costs like eggs and vehicle insurance that are squeezing consumer budgets. Hamrick notes that the job market stability is crucial for preventing a recession, which could worsen income interruptions. Although a recession seems slightly more likely, he believes sustained employment could lead to lower interest rates, making everyday expenses more manageable for consumers.
Source: YAHOO