MSNBC MSNBC Reports June 4, 2024 16:18:00
Buying less goods. and americans have been spending on services. spending at restaurants and bars actually perked up. it's kind of a tale of two american consumers right now. and it jives with what we heard from target and walmart and costco. and that is, americans are starting to cut back on big ticket, discretionary items. the other factor to point out here in this report, it also reflects that inflation, to your point, is coming down a little bit. so, we're spending less because things are less expensive. it means what the federal reserve has been doing to raise interest rates is actually s...
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