What does an economic “no landing” look like for you and me?
Groceries, consumer goods, will remain high. Also, expect higher interest rates on all forms of credit. Both of those translate into less money going to our personal bottom line for discretionary spending. When the necessities cost more, something has to give. Our already stretched budgets may be called upon to stretch even further. You can also expect higher interest rates on credit cards, mortgages, car loans and etc.
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