CNBC Daily Open: Inflation, earnings and the American consumer

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Americans are being very careful where and how they are spending their money in an age of rising prices.

for July rose 19.7% from a year ago to its highest nominal value since September 2011. The sharpest increases in price came from Thailand.As investors wait for the latest inflation report and weigh the Federal Reserve's forward path, JPMorgan's trading desk laid outWhat does the latest slew of earnings releases say about American consumer behavior?

If U.S. airlines — sans budget carrier Southwest Airlines — are any indication, Americans are still prefer spending money on experiences rather than shopping.

 

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