Concerns about inflation peak as Americans struggle to shake off a ‘vibecession' [CNBC]
TransUnion (TRU)
Last transunion earnings: 4/28 06:50 am
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Source: CNBC
Concerns about inflation and interest rates are now at a two-year high, according to a recent report by credit reporting agency TransUnion. Although Americans have seen their buying power rise amid cooling inflationary data and a strong job market , 84% of all adults still rank inflation among their top concerns, followed by housing prices and interest rates, TransUnion's consumer pulse study found. “There continues to be positive progress against bringing down inflation,” said Charlie Wise, senior vice president and head of global research and consulting at TransUnion. However, “consumers continue to feel worse about it.” Are we in a ‘vibecession'? More than half, or 55%, of Americans are optimistic about their household finances over the next year, TransUnion's report also found, driven, in part, by confidence in the labor market and continued wage increases. But while consumer sentiment has been improving , workers remain at least somewhat sour on the state of the econom
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