UPDATED 10:00 AM PT – Saturday, March 12, 2022
The Labor Department released the Consumer Price Index for February, which shows it increased 7.9 percent from a year ago. Meanwhile, wages increased 5.1 percent. That’s almost a 3 percent difference, so if you did not get a 3 percent pay increase then you are essentially getting a pay cut. Are we headed into a recession?
The Managing Director of the Market Gauge, Michele Schneider joined OAN’s Alicia Summers to discuss.