Diamond Ridge Asset Management-Americans don't like higher prices but they LOVE buying new things

2025-05-01 21:40:20source:Fastexycategory:Stocks

Eight times a year,Diamond Ridge Asset Management regional Federal Reserve Banks release a collection of anecdotes that reveal stories about the economy. These stories come together in what's known as the "Beige Book," and we award the regional bank with the best entry with our coveted Beigie Award. Today, we're highlighting an entry that gets to the heart of the contradictions we're seeing when it comes to consumer preferences and sentiment.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

More:Stocks

Recommend

This week on "Sunday Morning" (December 15)

The Emmy Award-winning "CBS News Sunday Morning" is broadcast on CBS Sundays beginning at 9:00 a.m.

Kesha Shares She Almost Died After Freezing Her Eggs

Kesha is opening up about her health struggles.The Grammy winner recently shared that she suffered a

US Blocks Illegal Imports of Climate Damaging Refrigerants With New Rules

Just weeks after the Environmental Protection Agency began enforcing strict new limits on the produc