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.
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.
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Given the potential inflation increase, investments in commodities or inflation-protected securities may offer a hedge against the declining purchasing power of consumers.
Oct 9, 2024, 6:00 AM
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Economist Stephen Moore shares his analysis of the U.S. economy on ‘Varney & Co.’
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