RE:RE:U.S. household strength may prolong Fed's inflation fightYes and after months of hard hikes air travel is still way over covid and highest of the year and dist still drawing.
On the other hand gas was a different story (which drove the oil prices) while contrary to other reported data.
How do you reconcile such doom and gloom with air travel hitting highs and dist drawing in the shadow of such hard hikes so far this year?
Snowballer wrote: Gives the Fed all the more reason to hike, hard.
BayStreetWolfTO wrote: I guess another positive headline. Stronger household conditions
It has been well documented households with all the government money have a stronger personal balance sheet.
This is why travel is still strong and will continue through the end of the year.
May 11 (Reuters) - The financial strength built up in U.S. households limited the damage from the coronavirus pandemic
https://www.reuters.com/world/us/us-household-strength-may-prolong-feds-inflation-fight-2022-05-11/