Q&A with John Brodersen, Inflation Report, Walmart, Target & More
You will not get more raw insight than from “TheEducatedFryCook” who provides a unique perspective as a restaurant operator & investor. We recently checked in with him to ask about his outlook for FY25 restaurant industry sales. As a bonus, he weighed in on the underappreciated impact that student loans have on both the economy and the federal government as well as his outlook on crypto.
September’s PCE (personal consumption expenditures) increased +5.3% y/y (including services) while September’s Retail Sales (excluding services) increased just +0.2% y/y as consumers continue a long-term trend of substituting experiences for goods.
After 6 consecutive months of disinflation, consumer price inflation ticked up slightly to +2.6% y/y, raising questions about the Fed’s path of easing heading into 2025. At least gas prices continue to ease…
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