With rate hike and we still have a broken supply chain issues. I think the price would stay higher in next 6-9 months.
Let’s take a example of 50 inch TV current price- 250
Now with the rate hike, I expect it price to drop- 240
But, with the added cost of truckers, gas prices, workers that cost is being added to consumer. With that being said, the price now becomes 260 bucks.
Does my analogy make sense. What is chances if we having inflation, high rates and unaffordality and nothing happen for 6-9 months. What’s your take on this kind of scenario?