*The consumer drives the economy and now faces a jump in energy prices and interest rates.
*Both have proven to hit consumer confidence which can risk markets.
There is nothing more important to the overall economy than the consumer. The biggest swing factors for the consumer are interest rates and energy prices. Both of these just jumped and should slow the consumer which should slow the economy. That can be a stock market drag.
The Economy Is The Consumer
It shouldn't be an epiphany but people drive the economy.
We'll prove it.
|Source: St Louis Federal Reserve|
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