Upcoming inflation data 'will be bad news again,' economist Ed Yardeni warns
Fox News
Edward Yardeni, the president of Yardeni Research, argued that “lower wage workers are the ones that are getting squeezed hardest” by inflation, which is expected to remain elevated.
"Higher-wage workers are also getting squeezed with inflation, but they probably have more savings that they can dip into and can always cut out consumer discretionary items, which is what we’ve seen as what’s contributed to some of the recent weakness in the economy," Yardeni continued.
The economist provided the insight three days before investors will digest the Consumer Price Index and core CPI which is expected to rise to 8.8% from 8.6% in the prior read, as tracked by Trading Economics.
More Related News