Historical data suggests the key factor in bringing down prices is a slowdown in consumer spending. Despite nearly half of Americans reporting feeling in a worse financial situation than five years ago, they're still spending. Retail sales were up 2.1% year over year in the first quarter of this year and consumer spending jumped in February and March. Watch the video above to learn more about why prices will likely remain high.
Americans are still feeling the pressure of high prices despite reports of inflation slowing and wages increasing.
Markets often respond to Fed comments with big price swings, and recent research shows they are particularly reactive to Fed Chair Jerome Powell.
Krishna Guha, Evercore ISI Vice Chairman, joins 'Closing Bell Overtime' to talk what's ahead for the Fed and what we should take from the latest economic data.
Nebraska Furniture Mart Chairman Irv Blumkin speaks with Becky Quick at the Berkshire Hathaway Annual Meeting to discuss the state of the consumer, pricing, inflation and product sourcing.
Naomi Fink of Nikko Asset Management says household participation in Japan's domestic recovery is not likely to occur until real wages start to rise.
There's a growing disconnect between how much adult children expect to inherit and how much their aging parents plan on leaving them.
Sean Langcake, head of macroeconomic forecasting at Oxford Economics Australia, discusses Australia's upcoming budget.
Whole Foods CEO Jason Buechel joins CNBC's 'The Exchange' to discuss consumer behavior, digitization of the grocery experience, and more.
Bruce Flatt, Brookfield Asset Management CEO, joins 'Money Movers' to discuss the state of the economy, the Fed, and commercial real estate.
Stefanie Holtze-Jen, Deutsche Bank Private Bank's chief investment officer for Asia-Pacific, discusses the outlook for the U.S. Federal Reserve's monetary policy.