Markets Await Possible Fed Pause, Recession
Bloomberg Businessweek
00:00
The Fed's Working Paper Says Consumers Will Run Out of Savings by the End of the Year
Torsen Slack: Inflation going up and now down so slowly, it is a bit of an embarrassment for the economics profession. He says consumers still have more savings left, even though prices have been going up. It's at least a few quarters away before we get to the point when consumers will no longer have money to stay at hotels, he says.
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