While the March Producer Price Index (PPI) was cooler than expected, the Consumer Price Index (CPI) came in hotter than expected, raising questions about how it may impact consumers and the broader economy. Mastercard Economics Institute Chief US Economist Michelle Meyer joins The Morning Brief to discuss recent inflation data and give insight into economic trends during sticky inflation.
Meyer reflects on consumer spending: "The stories around consumers loving experiences, I don’t think that’s gone away. We’re keen at the Mastercard Economics Institute to explore that in detail, given the high frequency nature of our insights and our data…Consumers are really looking for those moments in time to spend. When they find it, they have the ability to really participate. I think that’s a function of the purchasing power that’s still out there.
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