Inside the Economy: Consumer Spending and the Inflation Battle

SHJ Wealth Advisors

This week on “Inside the Economy”, we discuss consumer spending and the progress in the inflation battle. Inflation data, represented by the CPI index, has trended down. However, unemployment remains low lending it’s way to sustained strength in consumer spending. Will the conflicting data keep the Federal Reserve on their rate hike campaign, or will they slow down going into 2023? Tune in to find out more! Key Takeaways: • 2-year treasury yield remains above 4% • 30-year mortgages move under 7% • Oil drops to around $80 per barrel