What does a rate hike pause mean for the average American?
The Financial Exchange Show - Podcast autorstwa The Financial Exchange Network
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Mike Armstrong and Marc Fandetti discuss the Fed pausing rate-hikes for the month with the expectation that rises will resume later this year. What does this all mean for the everyday American? Retail spending rose in May as consumers remain resilient to rate rises. Westfield gives up its San Francisco mall, signaling more pain ahead. Minimum wage earners can't afford a modest 2-bedroom apartment anywhere in the country. The world's demand for oil is set to slow.
