Reported 6 months ago
Amid softer-than-expected GDP figures, investors are anxious about the impact on inflation and potential Federal Reserve rate cuts. Providence Financial & Insurance Services president Anthony Saccaro expresses worries about inflation's impact on consumers, noting that persistent high inflation could lead to a softer consumer market in the future. With the Fed struggling to lower rates due to economic data not supporting it, concerns rise about the impact of high inflation on consumer behavior.
Source: YAHOO