Sticky inflation and soft consumer spending are reasons for worry, strategist says

[@huynguyentoantin]

Inflation comes down means the rate of price increase is lower but prices are still increasing. So it is stupid to reason that you can take salary raises back

[@antoanetamanko7457]

This! I was shocked to hear this as an argument! 🤦🏻‍♀️

[@Benzknees]

They might not be taken back as such, but high wage rises without accompanying productivity rises usually lead to rising unemployment rates. And that then means all bargaining power is lost, and wage rises stagnate, till real wage levels do come back down.

[@mikhailmamontov2155]

Government does not care about majority of people, as long as big investors are happy. Feds will cut rates no matter what, because government is paying huge interest on the government debt now.

[@quinnh1398]

I don't think so. It'll be worse if they cut, and I can only assume it will get wors

[@Chimichanga1986]

Let’s not forget that government spending is a big chunk of GDP. I think we can all agree a good bit of that is just straight up waste. Also there are more and more lay offs taking place, more people working multiple jobs to survive, and baby boomers have been getting out of the job market it drives for a few years now. So I take these numbers with a grain of salt. The reality is our economy is not strong for the right reasons.

[@arshadulislamchowdhury7265]

What about Fed printing money for foreign governments?.

[@bobbyward2440]

The fed does not allocate money to go anywhere

[@chaoticrealm777]

I suggest googling and learning how the world works so you can move away from the problem of "the world working how you want to believe it works"

[@bobbyward2440]

The way this guy talks annoys me

[@douginorlando6260]

A major cost to business is interest on borrowed money. The Federal Reserve’s high interest rates increases business cost which gets passed on to customers. The Fed is increasing inflation, not reducing inflation.

[@willrose5424]

Yahoo

[@mellarx1277]

Sigh, another "strategist".

[@mircea_h]

One that almost understands inflation

[@shamsmohebbi3923]

Looking for Job about month and got no answer, I have CDL class A and I have update with X end and looking for Tanker and Hazmat but no luck, I have no idea what should I do

[@chrisbranicz1]

lol

[@chrisbranicz1]

Trash