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Wendy Edelberg<p>As I think about tomorrow&#39;s CPI release, here&#39;s what I am puzzling over. I don&#39;t see how we get a substantial slowing in inflation without a sharp drop in real spending on consumer goods. That spending is down - but still Very Strong. I doubt inflation will be brought down by a housing cycle alone. This all leads me to think the Fed needs to do more until there is a genuine decline in real spending on consumer goods. If inflation comes down without that - I think we chalk that up to luck.</p>
Wendy Edelberg<p>I enjoyed this wide ranging discussion with Reuters on consumer spending over the last few years and what to expect as the economy softens. Listen here: <a href="https://podcasts.apple.com/us/podcast/consumer-spending-anomalies-are-the-new-norm/id1054549852?i=1000587938967" target="_blank" rel="nofollow noopener" translate="no"><span class="invisible">https://</span><span class="ellipsis">podcasts.apple.com/us/podcast/</span><span class="invisible">consumer-spending-anomalies-are-the-new-norm/id1054549852?i=1000587938967</span></a></p>
Wendy Edelberg<p>First, why is favorites on the right spelled wrong? Second, there better be animal videos.</p>
Wendy Edelberg<p>Hello econ people. I am very confused. I barely understood twitter. This is making me feel old.</p>
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