Reported 4 months ago
The article discusses consumers' mixed feelings about the economy, with indications that the tide might be changing. The Conference Board Chief Economist Dana Peterson notes that consumers are content with the market's performance but find prices for essentials like food excessively high, leading to concerns about inflation and strained incomes. Despite challenges, consumers still spend on experiences while economizing on other activities. Peterson suggests that a Federal Reserve rate cut could happen in November if the economy slows but the labor market stays healthy.
Source: YAHOO