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What are some current economic issues to keep an eye on?

Posted by Avery Vise on Aug 25, 2021 2:35:39 PM

Avery Vise discusses goods & services spending, retail inventories, and other economic factors to watch closely.

This Q&A response from The FTR Experts came from our July State of Freight webinar. View the video and the key takeaways below.

 
Key Takeaways:
  • While inflation has risen the steepest it has in arguably 40 years, Americans have trillions more in savings than they did before the pandemic. This could act as a buffer against the negative effects of inflation.
  • Retail inventories are low compared to sales, due mainly to automotive inventories which will bounce back in a big way once production can pick back up.

 

Tags: Economy, trucking, inflation, transportation, state of freight, savings

 

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