Economist Luke Tilley Talks Navigating Market Volatility, Bank Failures & Fed Rate Hike
Luke Tilley, the chief economist at Wilmington Trust, joined Cheddar News to discuss the state of the economy, the Fed's rate hike in the midst of market volatility and bank failure concerns. "So on the more encouraging side, we do see goods prices coming down. We think that the shelter indices part of CPI and PCE will be coming down because we've seen the turn in housing prices just in the market data," he said.
As inflation-weary consumers cut back on dining out, brands like McDonald’s are relying more heavily on celebrity and influencer endorsements to move the needle
Plus, Starbucks reported its first quarter of declining sales and earnings since the pandemic, Biden tries to tackle the national debt and Warren Buffett is set to host the annual meeting of his investment firm Berkshire Hathaway.