Weekly Economic Snapshot: Consumer Fears & Inflation Drag Down Markets
Last week’s economic reports painted a stark picture of rising inflationary pressures and plummeting consumer confidence, casting a shadow over the U.S. economy and sending the stock market into a decline. The Federal Reserve’s preferred inflation gauge, the PCE Price Index, unexpectedly accelerated, reinforcing concerns about persistent price pressures. Simultaneously, consumer sentiment, as measured by [...] The post Weekly Economic Snapshot: Consumer Fears & Inflation Drag Down Markets appeared first on ETF Trends.
Last week’s economic reports painted a stark picture of rising inflationary pressures and plummeting consumer confidence, casting a shadow over the U.S. economy and sending the stock market into a decline. The Federal Reserve’s preferred inflation gauge, the PCE Price Index, unexpectedly accelerated, reinforcing concerns about persistent price pressures. Simultaneously, consumer sentiment, as measured by [...]
The post Weekly Economic Snapshot: Consumer Fears & Inflation Drag Down Markets appeared first on ETF Trends.
