The US Consumer Confidence Index (CCI) falls to 97.0 in April, against estimates of 104 by the Conference Board. Inflation and rising prices continue to be American consumers’ chief concern whenever they open their wallets.
Mitlin Financial Founder Lawrence Sprung joins Wealth! Host Brad Smith to outline the inflationary pressures squeezing US consumers and the Federal Reserve’s current interest rate narrative ahead of its next policy decision tomorrow, Wednesday, May 1.
"As long as the labor numbers and the wage growth continues the grow at the pace we’re seeing, that solves a lot of issues. But at the same time, we have macro events going on. This is an election year which typically will also make people feel a little bit uneasy until we have some certainty about how that’s going to play out," the Financial Planning Made Personal author explains. "So we have a number of different forces that are at play that are playing with people’s confidence."
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