This week, we asked the Invstr Community what their opinion is on the stability of prices. The winner, by a slim margin, was the 43 percent of Invstrs who believe that this is temporary relief from worse times ahead. Many economists feel this way due to current uncertainty about last week’s inflation report. Along with this, supply chain woes haven’t seemed to relieve yet, which could cause price volatility. With current market sentiment, you would expect this to be second place, but the matter is so divided that this isn’t too bad of a first place finish. In second place is the 35 percent of Invstrs who are unsure where prices will go in the future. This is exactly how the Federal Reserve and many high-ranking members feel, and there are so many moving parts. Although inflation data told us things might’ve peaked, we don’t know if the rates have truly done enough to put an end to this. The Inflation Reduction Act has had mixed reviews, and this is the safe middle ground to be at, making it a reasonable second place option.
To close out the podium, we have none other than the 22 percent of Invstrs who believe that prices are in the right direction and not as bad as expected. This surely represents how investors have felt in the past week with the indices up 5 percent since last Wednesday. The decrease in inflation has some people convinced it’s going to be okay, although the Federal Reserve has indicated they will implement further interest rate hikes. This fits well for the bronze medal, but you could argue this deserves more votes.
Are prices affecting your daily lives? Have fun, and see you next time with more poll results!
- The Invstr Team 🙂