{"id":161944,"date":"2022-10-14T12:00:00","date_gmt":"2022-10-14T16:00:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=161944"},"modified":"2023-01-19T18:03:02","modified_gmt":"2023-01-19T23:03:02","slug":"retail-sales-and-consumer-sentiment-consumers-are-worried-and-feeling-the-inflationary-pinch","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/retail-sales-and-consumer-sentiment-consumers-are-worried-and-feeling-the-inflationary-pinch\/","title":{"rendered":"Retail Sales and Consumer Sentiment: Consumers Are Worried and Feeling the Inflationary Pinch"},"content":{"rendered":"\n

As inflation thrives like a genie released from its bottle, some analysts are questioning if the Federal Reserve\u2019s (the Fed) monetary policy tightening is working. Data released today shows that the tightening appears to be making its way throughout the economy and dampening demand for consumer goods and services.<\/p>\n\n\n\n

Today\u2019s September retail sales report showed weakness with an unchanged reading on a month-over-month basis, much lower than market expectations of a 0.2% rise and lower than August\u2019s 0.4% gain. These figures are not adjusted for inflation, meaning that consumers purchased less goods and services when adjusting for volumes since yesterday\u2019s inflation data<\/a> showed a 0.4% gain. The weakness was led by miscellaneous store retailers, gasoline stations, electronics & appliance stores and furniture & home furnishing stores showing declines of 2.5%, 1.4%, 0.8% and 0.7%. Sporting goods & bookstores and motor vehicle & parts dealers also contributed to the weakness. While most categories were weak, strength was seen in the control group, with general merchandise stores, health & personal care stores, e-commerce, and food at dining establishments and at supermarkets having gains of 0.7%, 0.5%, 0.5%, 0.5% and 0.4%.<\/p>\n\n\n\n

Today\u2019s preliminary consumer sentiment release for October was 59.8. While slightly better than market expectations of 59 and an improvement from September\u2019s 58.6 level, it is still near record lows. Consumers expressed concerns regarding uncertainty about financial markets, inflation and the overall economy. Expectations for inflation one year from now rose to 5.1% from 4.8% in September while expectations for inflation five years from now rose to 2.9% from 2.8%. On a somewhat encouraging note, easing supply chain pressures contributed to an improvement in purchasing conditions for durable goods.<\/p>\n\n\n\n

Higher interest rates and tighter financial conditions continue to point to weak consumption and sentiment overall, especially in the manufacturing and real estate categories. Record levels of credit card debt are also punishing consumers as higher interest rates kick in and increase the share of Americans\u2019 budgets that are allocated toward interest expenses rather than necessities. The continued deceleration in the manufacturing PMI, durable goods orders, housing starts and home sales confirms the slowdown in the manufacturing and real estate sectors. As rate hikes and tighter financial conditions work their way through the economy, demand will continue to slow.<\/p>\n\n\n\n

\"Consumers<\/figure>\n\n\n\n

Yesterday\u2019s CPI data was awful and many wondered if the Fed is tightening for no reason due to a lack of progress on the inflationary front. The challenge is that once the inflationary genie is out of the bottle, it requires a lot of effort and might to reverse the trend. Monetary policy tightening takes time to reach the broad economy and it typically hits leading indicators first, which are weakening and are emblematic of a tightening campaign that is truly working.<\/p>\n\n\n\n

Markets declined after the retail sales and consumer sentiment reports were released, erasing morning gains after yesterday\u2019s monster comeback. The S&P 500 Index is down roughly 1%, yields are up slightly across the curve and the dollar index (DXY) is up roughly 50 basis points. It is less than two dollars away from its 52-week high of $114.78. While yesterday\u2019s report was disappointing on the inflation front, today\u2019s reports are mixed. They show that demand and sentiment are weak, which is what the Fed wants and that\u2019s great for taming inflation and rates, but adverse for corporate revenues and earnings.<\/p>\n\n\n\n

Watch the Retail Sales Educational Video at Traders\u2019 Academy \u2013 Click Here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

As inflation thrives like a genie released from its bottle, some analysts are questioning if the Federal Reserve\u2019s (the Fed) monetary policy tightening is working.<\/p>\n","protected":false},"author":903,"featured_media":22468,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[12711,18,6,8,9,26,3],"tags":[1576,217,8072,570,850,1546],"contributors-categories":[13760],"class_list":{"0":"post-161944","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ibkr-economic-landscape","8":"category-macro","9":"category-north-america","10":"category-region","11":"category-securities","12":"category-text-articles","13":"category-traders-insight","14":"tag-consumer-sentiment","15":"tag-cpi","16":"tag-credit-cards","17":"tag-inflation","18":"tag-interest-rates","19":"tag-retail-sales","20":"contributors-categories-ibkr-macroeconomics"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"\nRetail Sales and Consumer Sentiment: Consumers Are Worried and Feeling the Inflationary Pinch<\/title>\n<meta name=\"description\" content=\"As inflation thrives like a genie released from its bottle, some analysts are questioning if the Federal Reserve\u2019s (the Fed) monetary policy...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/161944\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Retail Sales and Consumer Sentiment: Consumers Are Worried and Feeling the Inflationary Pinch | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"As inflation thrives like a genie released from its bottle, some analysts are questioning if the Federal Reserve\u2019s (the Fed) monetary policy tightening is working.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/retail-sales-and-consumer-sentiment-consumers-are-worried-and-feeling-the-inflationary-pinch\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-14T16:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-19T23:03:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2019\/10\/credit-card-pay.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1100\" \/>\n\t<meta property=\"og:image:height\" content=\"700\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jose Torres\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jose Torres\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t \"@context\": \"https:\\\/\\\/schema.org\",\n\t \"@graph\": [\n\t {\n\t \"@type\": \"NewsArticle\",\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/retail-sales-and-consumer-sentiment-consumers-are-worried-and-feeling-the-inflationary-pinch\\\/#article\",\n\t \"isPartOf\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/retail-sales-and-consumer-sentiment-consumers-are-worried-and-feeling-the-inflationary-pinch\\\/\"\n\t },\n\t \"author\": {\n\t \"name\": \"Jose Torres\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/92c2be3b6162d92fb996417221509b6e\"\n\t },\n\t \"headline\": \"Retail Sales and Consumer Sentiment: Consumers Are Worried and Feeling the Inflationary Pinch\",\n\t \"datePublished\": \"2022-10-14T16:00:00+00:00\",\n\t \"dateModified\": \"2023-01-19T23:03:02+00:00\",\n\t \"mainEntityOfPage\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/retail-sales-and-consumer-sentiment-consumers-are-worried-and-feeling-the-inflationary-pinch\\\/\"\n\t },\n\t \"wordCount\": 573,\n\t \"publisher\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/retail-sales-and-consumer-sentiment-consumers-are-worried-and-feeling-the-inflationary-pinch\\\/#primaryimage\"\n\t },\n\t \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2019\\\/10\\\/credit-card-pay.jpg\",\n\t \"keywords\": [\n\t \"consumer sentiment\",\n\t \"CPI\",\n\t \"credit cards\",\n\t \"inflation\",\n\t \"interest rates\",\n\t \"retail sales\"\n\t ],\n\t \"articleSection\": [\n\t \"IBKR Economic Landscape\",\n\t \"Macro\",\n\t \"North America\",\n\t \"Region\",\n\t \"Securities\",\n\t \"Text Articles\",\n\t \"Traders' Insight\"\n\t ],\n\t \"inLanguage\": \"en-US\"\n\t },\n\t {\n\t \"@type\": \"WebPage\",\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/retail-sales-and-consumer-sentiment-consumers-are-worried-and-feeling-the-inflationary-pinch\\\/\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/retail-sales-and-consumer-sentiment-consumers-are-worried-and-feeling-the-inflationary-pinch\\\/\",\n\t \"name\": \"Retail Sales and Consumer Sentiment: Consumers Are Worried and Feeling the Inflationary Pinch | IBKR Campus US\",\n\t \"isPartOf\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\"\n\t },\n\t \"primaryImageOfPage\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/retail-sales-and-consumer-sentiment-consumers-are-worried-and-feeling-the-inflationary-pinch\\\/#primaryimage\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/retail-sales-and-consumer-sentiment-consumers-are-worried-and-feeling-the-inflationary-pinch\\\/#primaryimage\"\n\t },\n\t \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2019\\\/10\\\/credit-card-pay.jpg\",\n\t \"datePublished\": \"2022-10-14T16:00:00+00:00\",\n\t \"dateModified\": \"2023-01-19T23:03:02+00:00\",\n\t \"description\": \"As inflation thrives like a genie released from its bottle, some analysts are questioning if the Federal Reserve\u2019s (the Fed) monetary policy tightening is working.\",\n\t \"inLanguage\": \"en-US\",\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"ReadAction\",\n\t \"target\": [\n\t \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/retail-sales-and-consumer-sentiment-consumers-are-worried-and-feeling-the-inflationary-pinch\\\/\"\n\t ]\n\t }\n\t ]\n\t },\n\t {\n\t \"@type\": \"ImageObject\",\n\t \"inLanguage\": \"en-US\",\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/retail-sales-and-consumer-sentiment-consumers-are-worried-and-feeling-the-inflationary-pinch\\\/#primaryimage\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2019\\\/10\\\/credit-card-pay.jpg\",\n\t \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2019\\\/10\\\/credit-card-pay.jpg\",\n\t \"width\": 1100,\n\t \"height\": 700\n\t },\n\t {\n\t \"@type\": \"WebSite\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t \"name\": \"IBKR Campus US\",\n\t \"description\": \"Financial Education from Interactive Brokers\",\n\t \"publisher\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t },\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"SearchAction\",\n\t \"target\": {\n\t \"@type\": \"EntryPoint\",\n\t \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/?s={search_term_string}\"\n\t },\n\t \"query-input\": {\n\t \"@type\": \"PropertyValueSpecification\",\n\t \"valueRequired\": true,\n\t \"valueName\": \"search_term_string\"\n\t }\n\t }\n\t ],\n\t \"inLanguage\": \"en-US\"\n\t },\n\t {\n\t \"@type\": \"Organization\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\",\n\t \"name\": \"Interactive Brokers\",\n\t \"alternateName\": \"IBKR\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t \"logo\": {\n\t \"@type\": \"ImageObject\",\n\t \"inLanguage\": \"en-US\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t \"width\": 669,\n\t \"height\": 669,\n\t \"caption\": \"Interactive Brokers\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\"\n\t },\n\t \"publishingPrinciples\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/about-ibkr-campus\\\/\",\n\t \"ethicsPolicy\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/cyber-security-notice\\\/\"\n\t },\n\t {\n\t \"@type\": \"Person\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/92c2be3b6162d92fb996417221509b6e\",\n\t \"name\": \"Jose Torres\",\n\t \"description\": \"Jos\u00e9 Torres is Senior Economist at Interactive Brokers. In this capacity, he is responsible for economic analysis, economic commentary and educational content focused on the economy. Prior to joining Interactive Brokers, Jos\u00e9 spent 6 years working as an economist in the United States government within the Federal Deposit Insurance Corporation (FDIC) and the Bureau of Labor Statistics (BLS). During his time with the U.S. government, Jos\u00e9 frequently led presentations covering economic conditions and forecasts for elected officials, political appointees and senior management. He also built economic models, consulted with private sector executives, contributed to the modernization of economic processes and gained recognition for predicting the inflationary episode of the 2020s. Jos\u00e9 has also been a professor of economics at the City University of New York and holds a master\u2019s degree in financial economics from West Texas A&M University. His skillset includes the ability to communicate and analyze complex economic topics in English and in Spanish and throughout his career, he has been interviewed by media outlets including Bloomberg, CNBC, CNN, WSJ, AP, Yahoo Finance, Cheddar, Business Insider, Seeking Alpha, PBS, FOX, Economic Times, Univision, Telemundo and others.\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/author\\\/jose-torres\\\/\"\n\t }\n\t ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Retail Sales and Consumer Sentiment: Consumers Are Worried and Feeling the Inflationary Pinch","description":"As inflation thrives like a genie released from its bottle, some analysts are questioning if the Federal Reserve\u2019s (the Fed) monetary policy...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/161944\/","og_locale":"en_US","og_type":"article","og_title":"Retail Sales and Consumer Sentiment: Consumers Are Worried and Feeling the Inflationary Pinch | IBKR Campus US","og_description":"As inflation thrives like a genie released from its bottle, some analysts are questioning if the Federal Reserve\u2019s (the Fed) monetary policy tightening is working.","og_url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/retail-sales-and-consumer-sentiment-consumers-are-worried-and-feeling-the-inflationary-pinch\/","og_site_name":"IBKR Campus US","article_published_time":"2022-10-14T16:00:00+00:00","article_modified_time":"2023-01-19T23:03:02+00:00","og_image":[{"width":1100,"height":700,"url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2019\/10\/credit-card-pay.jpg","type":"image\/jpeg"}],"author":"Jose Torres","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Jose Torres","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/retail-sales-and-consumer-sentiment-consumers-are-worried-and-feeling-the-inflationary-pinch\/#article","isPartOf":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/retail-sales-and-consumer-sentiment-consumers-are-worried-and-feeling-the-inflationary-pinch\/"},"author":{"name":"Jose Torres","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/92c2be3b6162d92fb996417221509b6e"},"headline":"Retail Sales and Consumer Sentiment: Consumers Are Worried and Feeling the Inflationary Pinch","datePublished":"2022-10-14T16:00:00+00:00","dateModified":"2023-01-19T23:03:02+00:00","mainEntityOfPage":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/retail-sales-and-consumer-sentiment-consumers-are-worried-and-feeling-the-inflationary-pinch\/"},"wordCount":573,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"image":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/retail-sales-and-consumer-sentiment-consumers-are-worried-and-feeling-the-inflationary-pinch\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2019\/10\/credit-card-pay.jpg","keywords":["consumer sentiment","CPI","credit cards","inflation","interest rates","retail sales"],"articleSection":["IBKR Economic Landscape","Macro","North America","Region","Securities","Text Articles","Traders' Insight"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/retail-sales-and-consumer-sentiment-consumers-are-worried-and-feeling-the-inflationary-pinch\/","url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/retail-sales-and-consumer-sentiment-consumers-are-worried-and-feeling-the-inflationary-pinch\/","name":"Retail Sales and Consumer Sentiment: Consumers Are Worried and Feeling the Inflationary Pinch | IBKR Campus US","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/retail-sales-and-consumer-sentiment-consumers-are-worried-and-feeling-the-inflationary-pinch\/#primaryimage"},"image":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/retail-sales-and-consumer-sentiment-consumers-are-worried-and-feeling-the-inflationary-pinch\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2019\/10\/credit-card-pay.jpg","datePublished":"2022-10-14T16:00:00+00:00","dateModified":"2023-01-19T23:03:02+00:00","description":"As inflation thrives like a genie released from its bottle, some analysts are questioning if the Federal Reserve\u2019s (the Fed) monetary policy tightening is working.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/retail-sales-and-consumer-sentiment-consumers-are-worried-and-feeling-the-inflationary-pinch\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/retail-sales-and-consumer-sentiment-consumers-are-worried-and-feeling-the-inflationary-pinch\/#primaryimage","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2019\/10\/credit-card-pay.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2019\/10\/credit-card-pay.jpg","width":1100,"height":700},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.com\/campus\/#website","url":"https:\/\/ibkrcampus.com\/campus\/","name":"IBKR Campus US","description":"Financial Education from Interactive Brokers","publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.com\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibkrcampus.com\/campus\/#organization","name":"Interactive Brokers","alternateName":"IBKR","url":"https:\/\/ibkrcampus.com\/campus\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","width":669,"height":669,"caption":"Interactive Brokers"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/"},"publishingPrinciples":"https:\/\/www.interactivebrokers.com\/campus\/about-ibkr-campus\/","ethicsPolicy":"https:\/\/www.interactivebrokers.com\/campus\/cyber-security-notice\/"},{"@type":"Person","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/92c2be3b6162d92fb996417221509b6e","name":"Jose Torres","description":"Jos\u00e9 Torres is Senior Economist at Interactive Brokers. In this capacity, he is responsible for economic analysis, economic commentary and educational content focused on the economy. Prior to joining Interactive Brokers, Jos\u00e9 spent 6 years working as an economist in the United States government within the Federal Deposit Insurance Corporation (FDIC) and the Bureau of Labor Statistics (BLS). During his time with the U.S. government, Jos\u00e9 frequently led presentations covering economic conditions and forecasts for elected officials, political appointees and senior management. He also built economic models, consulted with private sector executives, contributed to the modernization of economic processes and gained recognition for predicting the inflationary episode of the 2020s. Jos\u00e9 has also been a professor of economics at the City University of New York and holds a master\u2019s degree in financial economics from West Texas A&M University. His skillset includes the ability to communicate and analyze complex economic topics in English and in Spanish and throughout his career, he has been interviewed by media outlets including Bloomberg, CNBC, CNN, WSJ, AP, Yahoo Finance, Cheddar, Business Insider, Seeking Alpha, PBS, FOX, Economic Times, Univision, Telemundo and others.","url":"https:\/\/www.interactivebrokers.com\/campus\/author\/jose-torres\/"}]}},"jetpack_featured_media_url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2019\/10\/credit-card-pay.jpg","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/161944","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/users\/903"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/comments?post=161944"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/161944\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media\/22468"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=161944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=161944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=161944"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=161944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}