Stevenson reacts to September inflation report

October 13, 2022 CNBC

Betsey Stevenson, CNBC: "Obviously, this isn't a report that anyone likes to see. At the same time, I want to say we should never overreact to one report. What are we seeing here? We saw really fast inflation in services. So what's going on? We're basically seeing services across the board, prices are going up. Why are prices going up? Because real wages have fallen because of inflation."