Portfolio Manager Jeffrey Rosenkranz Speaks with GOBankingRates on CPI Report
As Jeffrey A. Rosenkranz, Portfolio Manager noted, “After rapid progress in the second half of 2023, inflation is no longer moderating quickly — and in many areas may be re-accelerating.”
“Many of the components that consumers see on a daily basis are the ones where progress has been stubborn lately,” he said. In essence, he argued, this is a timing mismatch — as the economy is recovering, labor markets are tight and wages have been pushed higher over the past few years.
GOBankingRates on Yahoo! Finance: Karine Jean-Pierre Says the Economy Is Going in the Right Direction — But Why Don’t Americans Feel It In Their Wallets?
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