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.