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From
Day Trading Radio to
CNBC, Jason Raznick, the President and co-founder of Benzinga, is everywhere.
Now Raznick has dropped by
Fox Business to discuss the point at which inflation will curtail consumer spending.
“Although the overall economic infrastructure may be poor, consumers look at the bright spots,” Raznick said. “McDonald's MCD hiring 50,000 people in one day. Ford (NYSE: F) and GM GM hiring and giving bonuses. Consumers are positive people, and when they see these bright spots, they continue to spend. You're gonna have to see some weeks of negative numbers for that to change.”
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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