We're Getting Smuckered

Inflation in the system is much stickier than people anticipated, with corporations passing on prices to the everyday consumer. It begs the question: How high can prices go before there's a breaking point when consumers begin to push back? In this week's episode of Global Macro Update, Samuel Rines, managing director of Corbu LLC, joins Ed D'Agostino to discuss how today's inflationary environment boils down to the acronym POV and factors into the Fed's next moves. They also cover the craziness of "revenge travel," widespread tech layoffs, low unemployment, rising wages due to the "Walmart Effect," and how Middle America continues to play catch-up. For even more of his insights, make sure to follow Sam on Twitter.