As uncertainty looms over potential Federal Reserve rate cuts, investors are closely monitoring the impact on consumers. US Bank Wealth Management SVP Lisa Erickson joins Yahoo Finance Live to discuss consumer resilience amid ongoing economic challenges. Erickson emphasizes the resilience exhibited by consumers thus far, but she notes that investors question how long it can be maintained. She acknowledges that consumers have done "quite an amazing job" in navigating the uncertainties surrounding inflation, with lower-income consumers "starting to show some signs of strength." Erickson underscores the need to see "greater evidence" of inflation cooling before considering rate cuts, stating that the inflation reports "are important." However, she notes that the hotter-than-expected prints indicate that the disinflationary trend has not yet "passed us," suggesting that more time and data are needed to assess the trajectory of inflation. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith

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