Claudia Sam: The Fed may misjudge the economic situation due to distorted macro data
2026-08-03 20:37:44
According to CoinMeta, Claudia Sam stated that if the Federal Reserve ignores signals from the grassroots economy, it may misjudge the economic situation due to distorted macrodata. She pointed out that the resilience of U.S. consumer data stems from households increasing their debt. The Federal Reserve's "Beige Book" shows that consumers are paying for their daily expenses using credit cards, and the demand for grassroots food assistance has surpassed levels during the financial crisis and pandemic periods. In terms of the job market, there is a gap between the official low unemployment rates and the actual experiences of workers, with some describing the employment environment as one of survival. Claudia Sam warns that companies' voluntary salary increases due to rising living costs for employees could once again push up inflation risks, and the Federal Reserve should pay attention to the real feelings of ordinary families regarding prices and employment.
Source:Internet
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