Wasserman: "No Relief in Sight" for Consumers, Fed Faces Political Tightrope

By Schwab Network

Community Score: 50% | 1.5K views | 1d

0 community ratings: null thumbs up, null thumbs down

A cooldown in CPI can't offset pressures from ongoing tensions between the U.S. and Iran, argues Max Wasserman, who sees persistent headwinds hitting American consumers. "There's no relief in sight," he says, pointing to interest rates tentatively holding, rising gas prices, and high margin debt creating lasting pressures. As for the Fed, Max doesn't see the committee raising rates without massive political backlash. He also explains the dichotomy between AI and Big Tech layoffs. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7 Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore Watch on DistroT