Consumers’ purchasing power grows as wage growth outpaces inflation

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The February Retail Sales report came in hotter-than-expected, revealing a rebound in consumer spending trends. Mastercard Economics Institute Chief US Economist Michelle Meyer joins Yahoo Finance Live to discuss what this means for the consumer. Meyer notes that the February retail sales showed a "return to trend-like expansion" with characteristics that were seen before the holiday season. She highlights the consumer as being "empowered in this environment," as easing prices across many categories are falling and giving consumers "real purchasing power." Meyer points out the "consistency of the story" with outperformance in online spending and "experience-based" spending. She notes that this shows "consumers have the ability to spend;" however, they are being mindful of prices and prioritizing their spending. #youtube #stocks #shopping About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/com

Published 2024-03-15 · Watch on YouTube ↗
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