Consumer Resilience Amid Rising Rates: Expert Analysis by Lisa Erickson
Friday, 15 March 2024, 16:32
Consumer Resilience Amid Economic Uncertainty
Expert Lisa Erickson analyzes the impact of past rate increases and ongoing economic challenges on consumer sentiment. She notes the strength exhibited by consumers so far but raises concerns about sustainability.
Challenges Faced by Consumers
- Lower-income consumers showing signs of strength
- Have done an amazing job navigating uncertainties
More time and data are needed to assess the trajectory of inflation before considering rate cuts.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.