Sen. John Fetterman, Cooling Inflation, & Consumer Demand 07/11/24
Inflation slowed in June! The Labor Department released its monthly consumer price index, a measure of costs of goods and services and a key metric for the Federal Reserve. Two economists, Wendy Edelberg of Brookings and Joe Lavorgna of SMBC Nikko Securities America, discuss what the better-than-expected numbers mean for the Fed’s next interest rate cut. Head of Bank of America Institute Liz Everett Krisberg shares Bank of America’s latest consumer checkpoint, which reveals a softening in credit card spending. Plus, it’s a pivotal week for Democrats, whether they’re supporting President…
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