Wall Street is concerned over the dim retail forecast
🤑 Wall Street is concerned over the dim retail forecast.
Large retailers such as Home Depot and Walmart are projecting a weaker economy this year due to declining consumer spending. Wall Street seems to be expecting a possible recession regardless of The Federal Reserve’s efforts to stop inflation. The U.S. economy has only been kept afloat by stubborn consumers who have continued to shop despite extremely high-interest rates. The tides may be changing soon.
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