New Data Shows How Americans Are Handling Inflation

The video discusses how consumers are handling inflation, with a focus on the housing market and real estate trends. It highlights the Case Shiller index showing high but slowing home price increases due to rising interest rates. In Las Vegas, real estate negotiations have shifted from seller-dominated to more balanced. The Consumer Confidence index improved in August, driven by lower gas prices. The job market shows more openings than expected, with employers struggling to fill positions, leading to potential wage increases and inflationary pressures. The Federal Reserve is expected to raise interest rates to manage inflation.

What challenges are businesses facing in filling job positions?

What potential impact could raising wages have on the economy?