• DominusOfMegadeus@sh.itjust.works
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    10 months ago

    Michelle Griffith, Chicago-based senior wealth adviser at Citi Personal Wealth Management, said it’s concerning. Many consumers she’s talked to don’t have hope that they can achieve the American dream. “There will be a time when inflation and prices will continue to go down. The Fed is already talking about that. You see that on the horizon now,” Griffith said. “What I want [consumers] to recognize is inflation is cyclical. It doesn’t stay the same, and doom spenders have to keep that in mind.”

    Hey Michelle, the price gouging won’t go away on its own, and it’s not cyclical. Hate to break it to you. Also the Fed are a bunch of jackasses, with extremely limited tools.