Consumers Bought ONLY Necessities on Black Friday


My 100% FREE Financial Education Course: https://themoneygps.com/compass

Black Friday big changes from previous years it looks like! UBS Global Wealth Management’s recent analysis indicates the prolonged period of high inflation might be nearing its end, with the consumer price index showing only a 3.2% increase in October compared to the same month last year, down from 3.7% in September. Despite this, households continue to feel the pressure of accumulated price rises, as noted by Bankrate’s Chief Financial Analyst, Greg McBride. The strain on family budgets remains significant, with 47% of adults reporting monthly expenses exceeding their income, and 62% living paycheck to paycheck. This data reflects the ongoing financial challenges despite the Federal Reserve’s aggressive rate hikes, totaling 11 times in a year and a half, bringing the key interest rate to a range of 5.25% to 5.5%. While the Fed may pause rate increases for now, with Fed Chair Jerome Powell acknowledging that inflation remains high, the path forward into 2024 remains uncertain. UBS Wealth Management’s Chief Investment Officer of the Americas, Solita Marcelli, suggests that inflation should slow down to a more manageable level by next spring, yet the Federal Reserve might not be able to claim complete victory over high inflation just yet. This means consumers may not see immediate relief from high borrowing costs, continuing the financial strain for many. #Inflation #recession #blackfriday #cybermonday #multiplejobs #ConsumerPriceIndex #debt #InterestRates #Budget #Financial

Timestamps:
Inflation is Over and Done Apparently 0:00

—————————————————————————————————

🔥 ALL MY TIPS AND STRATEGIES ON THE DISCORD COMMUNITY: 🔥
https://discord.gg/QNgHFgxkq9

💵 HOW TO MAKE MONEY ON AMAZON: 💵
https://themoneygps.com/theamazongps

👨 JOIN THE $GPS MENTORSHIP 💵
https://themoneygps.com/mentorshipinfo

—————————————————————————————————

LOOK THROUGH MY BOOKS! http://books.themoneygps.com
MY FAVORITE BOOKS: https://youtu.be/Y_mwbfp1ULU

SUPPORT MY WORK: https://themoneygps.com/support

—————————————————————————————————

Sources Used in This Video:
http://bit.ly/TheMoneyGPSSources2023

admin

admin

Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!

-> CHECK AVAILABILITY HERE


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!

<