This week on “Inside the Economy”, we focus on the consumer and corporate profits. The labor force participation rate is climbing and has almost returned to pre-pandemic lows. Mortgage rates are rising, up almost to 5% on a 30-year fixed. Will this impact household spending? How about savings? Corporate profit margins turned in another good quarter. Tune in to learn about this and more!
Key Takeaways:
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- Oil stays around $100 per barrel
- Mortgage payment to income ratio climbs
- Major indices have started to rebound from recent lows
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