People that live paycheck to paycheck feel inflation right away. There are still plenty of people with extremely low mortgage and auto loan rates. Unless they have to buy something else, they may not even be aware of the rate changes. If they are still working from, gas prices aren't a big issue.
If they are still working from “home???”, gas prices aren’t a big issue.
Could be an issue, but for some odd reason, most of the folks that I see ‘working from home’ are liberals. Those that are in some industry that doesn’t require them to have face to face contact with anyone.
Look at Musk. He demands that the remaining Twitter employees show up for work. Unless one of them has been real quiet, they’re all radical liberals.