Consumers Cautious as Inflation Pushes Spending Down
Consumer spending is slowing in April, with growth expectations unmet. Consumers are becoming more cautious as inflation pushes up prices, impacting spending at furniture stores, car dealerships, and clothing retailers.
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Sources · 7 independent
WTOP Washington DC
“Ruden and the first loot weather center. 53 Alexandria this morning 54. consumers face lots of challenges these days, but they still went shopping last month. The government says retail sales rose a half percent in April. That was in line with expectations and retail.”
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