Inflation undercuts US financial security, disproportionately affects poorest

  • Mohamed El-Erian cites Fed’s ‘Economic Well-Being of US Households’ report as evidence.
  • Financial well-being dipped among lowest levels recorded since 2016 as inflation hit poorest Americans hardest.
  • Inflation rate remains above Fed’s 2% target at 4.9% as of April 2023, peaking at 9.1% last year.

[Via]

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