US Inflation Unexpectedly Accelerating to a 40-Year High of 8.6%
Bloomberg Businessweek
00:00
Consumer Sentiment Is Doing What It Can Do, Right?
Neal Gabler: Consumer sentiment can really only go one way, right? He says even though people are seeing wage growth and they feel confidence in the jobs that they're holding, they're seeing inflation eat away at their income gains. But there still isn't any let up in consumer spending, he says.Gabler: Consumers have a lot of avenues to offset the impact of hire inflation. How long does that last? "I think it could last for quite some time"
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