Bidenflation round two is ‘coming,’ economist Stephen Moore warns | Fox Business Video
Economist Stephen Moore predicts that the U.S. economy may be facing another wave of inflation, referred to as 'Bidenflation'. He shares concerns about the impact of government policies and spending on inflation rates, suggesting that without changes, inflation could potentially worsen for consumers.
Stock Forecasts
COST
Negative
The predicted wave of inflation may lead to increased costs for consumers, affecting discretionary spending. Sectors like consumer staples could see a negative impact, as higher prices might reduce demand or squeeze margins.
TIP
Positive
Given the potential inflation increase, investments in commodities or inflation-protected securities may offer a hedge against the declining purchasing power of consumers.
Related News
Sam's Club sees boost in premium memberships as it keys in on tech innovation
Oct 9, 2024, 6:00 AM
Sam's Club says the number of customer's joining the most premium membership tier has hit a new high. This comes despite another challenging year for consumers continuing to seek value.
Economist Stephen Moore shares his analysis of the U.S. economy on ‘Varney & Co.’
Bolvin Wealth Management Group President Gina Bolvin spotlights opportunities in buying the market dip and a 'higher chance' of inflation increasing.