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Costs Down For This Year s Cookout

CNN CNN Tonight June 4, 2024 02:36:00

amounts now. we have to build on that as inflation comes down, the job market remains solid. i do want to point out that you talked about a lot of things to reduce costs, you know, relatively small things. a lot of the big costs are food, you know, housing. these are big things that take up a big chunk of people s paychecks. one last thing. we have a few seconds. but do you believe there is a chance here in this next year of an economic recession? well, first of all, let me address i know we have a few seconds. it is really important to recognize that grocery costs have been coming down at a pretty fast clip. not just inflation, but actually the price. the price of eggs is basically back down to where it was a year ago. in terms of recession, look, if you look around where this economy is right now, the indicators that we use to gauge recession, they are just not flashing anything like a recession. tight job market, strong consumer. i told you about real wage gains we are startin

CNN CNN Tonight June 4, 2024 06:36:00

things we re starting to see now, and this is key to your question, one of the things we re starting to see now are real wage gains. since the last nine or ten months, we finally seen wages beating inflation, but by small amounts now. we have to build on that, as inflation comes down, the job market remains solid. i do want to point out that you talked about a lot of things to reduce costs. relatively small things, but a lot of the big costs are food. housing, these are big things that take up a big chunk of people s paychecks. one last thing, we only have a few seconds jared, but you believe that there is a chance here in this next year of an economic recession? well first of all, let me just address. i know we have a few seconds, but it is really important to recognize that grocery costs have actually been coming down at a pretty fast clip. and not just inflation, but actually the price. the price of eggs is basically back down to where it was a year ago. in terms of a recession,

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