US Inflation Persists Despite Declining Unit Sales

Danielle DiMartino Booth, CEO of Quill Intelligence, is sounding the alarm on persistently high inflation in the US. She notes that unit sales are declining, and many Americans are struggling to make ends meet with multiple jobs.

In her analysis, DiMartino Booth suggests that additional interest rate hikes by the Federal Reserve may exacerbate the situation for consumers.

This is a concern she has previously highlighted, citing companies' struggles to raise prices in the absence of strong consumer demand. This, in turn, has led to related layoff announcements in the sector.