Consumers delay big purchases due to high interest rates and inflation, affecting economy and spending.
Consumers delay big purchases due to high interest rates and inflation, impacting the economy and consumer spending. Corporate executives report customers avoiding big-ticket items, including furniture and pools. This economic shift adds to the growing concern of consumer spending slowing down, as the average consumer faces a double-whammy of high prices and borrowing costs.
May 18, 2024
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