Will Inflation Eat Your Wallet?

Recent sharp increases in energy prices have caused pain at the pump and pushed the inflation gauges higher. Couple this with student loan repayments, and what, then, is the state of the U.S. consumer heading into the holiday shopping season? When things get tight, what gets the ax? Is it travel? The movies? Restaurants? Or is everyone different? Further, what impact would this have on overall U.S. Gross Domestic Product (GDP)? Basically, how much will this recent uptick in inflation drive down real economic growth? Should we be worried?

In this week’s Trading Perspectives, Sam and John discuss recent, unexpected increases in inflation and what they could mean for the U.S. economy. Are there generational differences about the probable cause scenario?