Inside the Economy: Consumer Savings & Globalization

SHJ Wealth Advisors

This week on “Inside the Economy”, we look at consumer savings & globalization. Despite strong consumer demand and student loan payments starting back up, household savings remain at pre-pandemic highs. With an everchanging global economy, the US has diversified imports away from China and continues to increase industrial robots when it comes to domestic manufacturing. What does this mean as we look to the future? Tune in to learn about this and more! Key Takeaways: • Core PCE inflation comes in at 3.9 • Oil stays above $90 • Unemployment rate hovering at 3.8 • 30-year mortgages above 7.3%