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Macy’s and Target signal potential consumer spending slowdown with cautious sales forecasts amid inflation and economic uncertainty.
Deflation at the factory gate reveals serious and fundamental economic distortions.
He singled out rising unemployment claims, increases in debt delinquency rates, and what seems to be cooling in consumer spending.
The company announced a ‘going out of business’ sale, offering items at a 30-50 percent discount.
A resilient consumer could become a more budget-conscious one this year, experts warn.
Consumer spending outlook for 2024 remains mixed.
Political polarization, inflation, and high interest rates are all working together to undermine consumers and their propensity to spend, he warns.
U.S. Economic Growth Revised To 2.1 Percent In Second Quarter, Due To Lower Business Spending.
