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Consumer confidence in economy dips slightly over worries inflation will outpace wage gains


Consumer confidence in economy dips slightly over worries inflation will outpace wage gains Context is key here. Late last year, consumer confidence hit a record high of 101.4 in the aftermath of Trump’s election and the expectation of the tax cut/reform that ultimately happened. Since then, we’ve seen record low unemployment and wage increases – which you’d expect in a tight labor market when employers are dying to find qualified people to fill open jobs. Usually when things are growing like this, some economists start fretting about the economy “overheating” and inflation being the result, and the media tend to run to the economists who are engaged in said fretting.
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