Yahoo Finance published this video item, entitled “What the retail sector is indicating about the economy” – below is their description.
Interactive Brokers Chief Strategist Steve Sosnick joins Yahoo Finance’s Julie Hyman and Brad Smith to discuss the state of the consumer, unemployment rate, student loan payments, and the effect on the economy. Sosnick said, “People have jobs. The unemployment rate is flirting with record lows. Those who want a job have one. And when people have jobs, they can and do spend money. But I think people are getting a bit more nervous, they are a bit more cautious.”
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