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Banks Say the Consumer Is Strong: What Does That Mean for Inflation?

Banks Say the Consumer Is Strong: What Does That Mean for Inflation?

Not only that, but consumers are saving money and still have account balances much higher than pre-pandemic levels. Consumers have higher deposit balances, which could lead to "stickier" inflation or higher inflation for a while longer. Here's what you should know about the state of the consumer and what areas of the economy are being affected.