Price hikes are cooling off despite many Americans still struggling

The video discusses the current economic situation, highlighting positive signs in the stock market but noting that consumers are still struggling with high costs for essentials like groceries, housing, and energy. Inflation is down compared to previous months, but prices remain high compared to two years ago. The Federal Reserve Bank of New York reports that Americans plan to spend less in the coming year, potentially leading to lower prices. The video concludes with a hopeful outlook for economic relief as consumer spending habits adjust.

What is the main reason consumers are not feeling the positive economic indicators?

• The stock market is declining.

• Unemployment rates are increasing.

• Essential costs are rising faster than overall inflation.

• Wages are decreasing.

Which essential cost has increased the most over the past two years?

• Shelter

• Vehicle maintenance

• Food

• Electricity

How have rising essential costs affected lower-income individuals?

• They are unaffected by inflation.

• They have more disposable income.

• Their budgets are less affected.

• A larger portion of their budget is spent on essentials.

What is one potential outcome of consumers cutting back on spending?

• Inflation will rise.

• The economy will collapse.

• Prices may decrease.

• Prices may increase further.

What is the Federal Reserve Bank of New York's prediction for consumer spending in the next 12 months?

• Spending will remain the same.

• Spending will increase.

• Spending will double.

• Spending will decrease.