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N°1 concern of the US consumer

Jun 14, 2024

As Tesla shareholders approved Elon Musk’s $56 billion compensation package yesterday, our attention turns to the primary concern of the average US consumer, which will drive the US economy forward. Inflation of everyday goods remains the top worry, cited by 84% of respondents in a large survey conducted at the beginning of May. This is why we believe that a) the US CPI numbers released this week are positive, indicating progress, and b) the Fed will remain cautious and avoid cutting rates prematurely.

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