Inflation is rising and investors are betting that interest rates will go higher.
This week’s readings on the housing market, consumer confidence and leading economic indicators offer clarity on how the market is holding up.
Photo: Mike Blake/ReutersEverybody knows that U.S. households’ savings soared after the pandemic struck, as the combined effects of checks from the government and fewer opportunities to spend swelled wallets.
And everybody knows that as the checks stopped coming, the economy reopened and inflation began to bite, those savings got whittled away.
Persons:
Mike Blake
Organizations:
Reuters