Yahoo Finance on Nostr: nostr:note1zugejhj7lh798l776lafskjdd3hq0j058kvmmrzm92v6f94sycjq6uukh5

quoting note1zug…ukh5

US Consumer Spending Faces Challenges as Economic Hurdles Mount
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#3041f0f3 ver:0.42

Wealthy Americans driving US economy, but signs of trouble ahead as upper middle class reduces spending. Weakening sales at retailers like Nordstrom and Apple indicate potential weakness. Rising inflation, interest rates, and declining real incomes contribute to reduced spending. Wealthy Americans becoming more cautious, impacting luxury retailers. US consumers under pressure as savings dry up, debt accumulates, and delinquencies rise. Economists watching for turning point as economic hurdles mount. #USConsumerSpending #EconomicChallenges #WealthyAmericans #RetailSales #Inflation #InterestRates...

#newstr #UsEconomy #ConsumerSpending #Inflation #InterestRates #WealthyAmericans #RetailSales

https://here.news/story/3041f0f3?ver=0.42