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With rising prices, ongoing supply chain issues and the wrong inventory, it’s a rough time to be a big-box store.
That’s good news for inflation, but it might be bad news when it comes to the risk of a recession.
After reaching a record high of nearly 34% early in the pandemic, the savings rate has dipped below its pre-pandemic level.
People want to get outside and do stuff, not just buy stuff. That’s reflected in surging travel bookings — and airfare.
The holiday’s staples, like meat and propane, are more expensive. But people are willing to pay more as they gather to celebrate.
Even though they’re pessimistic about the economy and economists worry about a recession.
But they’ll shift back when goods they want — like cars — become available.
Big stores like Walmart and Target didn’t foresee consumers pivoting away from shopping and toward going out.
For monetary officials, the personal consumption expenditures gauge beats the CPI. A trip to the grocery store helps explain why.
The consumer economy, in particular.