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How World Cup Spending Skewed US Inflation Data
Lucas and Luna dig into a fresh Fed report showing that World Cup spending gave bars and restaurants a temporary boost, but consumer fundamentals are flashing warning signs. They discuss how the surge distorted the June retail and services data, what it means for core inflation readings, and why the Fed is wary of reading too much into the noise. With import prices from China at a 17-year high and wholesale prices unexpectedly declining, the hosts connect the dots on what the real trend looks like once the soccer bump fades.
#WorldCup #Inflation #FedPolicy #ConsumerSpending #RetailData…
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