Reported 4 months ago
The article discusses the possibility of another 'K-shaped' recovery for consumers in the US, with rising consumer confidence in May following monthly declines. The article features insights from NorthEnd Private Wealth CIO Alex McGrath, who highlights the impact of inflation and interest rates on different segments of the population. McGrath suggests that those above a certain income level may be less affected by inflation concerns compared to those below, indicating a potential disparity in economic recovery. McGrath also touches on the likelihood of a rate hike by the Federal Reserve and the importance of monitoring consumer data in assessing GDP trends.
Source: YAHOO