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CNN CNN This Morning June 4, 2024 11:46:00

The dow and the s&p are just 5% away from record highs. and the highest levels of the year. so investors are not seeing some sort of recession on the horizon. and you heard the treasury secretary there talk about inflation. i wanted to show you one of the big complaints has been that wages have been rising, but that our paycheck is more than made up for by the higher costs of everything you re buying. that s finally turned. you now have wages growing faster than consumer prices, inflation. and that s something that people will start to feel. so, i think there are storm clouds on the horizon, no question. more fed rate hikes. you ll have student loan bills coming due in a couple month miss thatch could ding consumer spending a little bit, but those storm clouds on the horizon right now it s sunny skies. when you dig into those numbers you look at things unemployment, the lower end of the economic spectrum, those people are struggling with higher prices but it s trending ....

Janet Yellen , Record Highs , S P , Consumer Prices , Storm Clouds , Fed Rate Hikes , Student Loan Bills , Things Unemployment , Sunny Skies ,