Latest inflation data sends ‘red flashing signal,’ economics professor Brian Brenberg warns – Fox Business

by | Mar 31, 2022 | Financial

Fox News contributor Brian Brenberg says the latest inflation data is not a good sign for the U.S. economy. Reacting to U.S. personal consumption rising 5.4% year-over-year in February, Fox News contributor and The King’s College economics professor Brian Brenberg warned the data point is a “flashing red signal” for the economy on “Varney & Co.” Thursday. PUTTING FOOD ON THE TABLE IS ABOUT TO GET A WHOLE LOT MORE EXPENSIVEBRIAN BRENBERG: It’s a bad number. It’s the worst we’ve seen since 1983. So we’re still in that 40-year high inflation issue… Fox News contributor Brian Brenberg appears on “Varney & Co.” on Thursday, March 31, 2022. Everybody’s concerned about food and fuel. It’s a bad number. It’s the kind of number where you start to say, is the Fed going to raise by 50 basis points instead of 25 basis points? It’s a red flashing signal for an economy that has a lot of them, not a good number.WATCH THE FULL INTERVIEW BELOW Fox News contributor and The King’s College business and economics professor Brian Brenberg reacts to the latest inflation data showing personal consumption rose 5.4% annually in February. …

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