Stretching Your Dollar: How Rising Oil Prices Can Impact Consumers
Oil prices continue to surge as the rate for a barrel tipped past $94 for for the first time in a year. Patrick De Hann, head of petroleum analysis at GasBuddy, joined 'Stretching Your Dollar' to talk about the potential ramifications on the everyday consumer.
The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, and its officials signaled that they expect to make three quarter-point cuts to their benchmark rate next year.
Eliott Wellenbach, vice president and institutional ETF strategist with Direxion, joined Cheddar News to discuss what traders are expecting from consumer spending ahead of the holidays and how they're positioning themselves following the latest inflation data and mortgage rates.
