Why consumers are still seeing inflation in strong labor market

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Consumers are still experiencing inflation despite a strong labor market. BofA Securities Head of US Economics Michael Gapen discusses the state of US consumer sentiment around inflation as the Federal Reserve considers March's jobs figures in their inflation path for 2024. Gapen explains that while certain aspects of the labor market, such as wage growth, haven't reached all corners of the US economy, households are still adjusting to the upward shift in the price level over the past few years.

#Inflation #LaborMarket #UsEconomy #ConsumerSentiment #FederalReserve

https://finance.yahoo.com/video/why-consumers-still-seeing-inflation-195324589.html