Inflation and rising rates put focus on consumer credit usage

CNBC Television published this video item, entitled “Inflation and rising rates put focus on consumer credit usage” – below is their description.

As the Federal Reserve continues to raise rates, investors are taking a closer look at consumer credit usage. Bank of America economists admit “the overall consumer outlook is difficult to read.” Inflation is high and consumer sentiment is low, but the labor market remains strong. Courtney looks at the current environment of consumer credit and Wall Street’s expectations for the rest of 2022. CNBC’s Courtney Reagan reports. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi 

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In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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