Newsweek on Nostr: Shoppers Struggling with Inflation Being 'Selective' Ahead of Black Friday ========== ...
Shoppers Struggling with Inflation Being 'Selective' Ahead of Black Friday
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Shoppers are being 'selective' due to inflation as Black Friday approaches; inflation rose to 2.6% in October 2024, up from 2.4% in September; this marks the first annual inflation increase in seven months; Black Friday falls on November 29, 2024; Morgan Stanley's survey shows 35% of 2,000 consumers plan to spend more this season; Fed cut federal funds rate twice recently, now between 4.5% to 5%; Fed Chair Jerome Powell stated on November 14, 2024, that the economy does not signal a need for urgent rate cuts.
#Inflation #BlackFriday #ConsumerSpending #MorganStanley #FederalReserve #HolidayShopping #EconomicImpact #InterestRates #UsEconomy #2024
https://www.newsweek.com/black-friday-sales-inflation-holiday-gifts-morgan-stanley-1990760
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Shoppers are being 'selective' due to inflation as Black Friday approaches; inflation rose to 2.6% in October 2024, up from 2.4% in September; this marks the first annual inflation increase in seven months; Black Friday falls on November 29, 2024; Morgan Stanley's survey shows 35% of 2,000 consumers plan to spend more this season; Fed cut federal funds rate twice recently, now between 4.5% to 5%; Fed Chair Jerome Powell stated on November 14, 2024, that the economy does not signal a need for urgent rate cuts.
#Inflation #BlackFriday #ConsumerSpending #MorganStanley #FederalReserve #HolidayShopping #EconomicImpact #InterestRates #UsEconomy #2024
https://www.newsweek.com/black-friday-sales-inflation-holiday-gifts-morgan-stanley-1990760