Inflation bites into consumer discretionary space

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With inflation at a 40-year high, Americans are starting to feel the pinch in their pockets. Moneta's Aoifinn Devitt says that's bad news for companies selling big ticket items like Tesla, but cheaper treats like fast-food restaurants will benefit. #News #Reuters #Inflation #Economy Subscribe: http://smarturl.it/reuterssubscribe Reuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and impartiality is unparalleled. Get the latest news on: http://reuters.com/ Follow Reuters on Facebook: https://www.facebook.com/Reuters Follow Reuters on Twitter: https://twitter.com/Reuters Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en
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