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As you might expect, it’s hard to say.
Meanwhile, its competitors are doing pretty well, including Walmart, where groceries account for 60% of sales.
The latest figures, for April, suggest that rising prices, high interest rates and depleted pandemic savings may finally be weighing on spending.
If interest rates fall, expect savings rates to do the same.
This marks the end of a six-quarter streak of GDP growth of 2% or more. But the downshift might not be cause for worry just yet.
Consumers are still spending, but that looks a little different now than it has the past few years.
Most of the time deflation is a signal of a struggling economy. Disinflation — when prices still increase, just more slowly — is the goal.
And why Target considers them key to keeping customers spending.
The January PCE report showed inflation easing further but still significant. Moderation in spending could also continue, analysts say.
Economic disadvantages like the wealth gap persist, despite talk of the “she-conomy.”