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Consumer Spending Is About to Get Slammed. Here’s How to Prepare.

Por: MarketWatch Business December 29, 2022

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As interest rates rise—and recession fears increasingly become a tangible part of the market narrative—the trading-down phenomenon that we warned of seems primed to assert itself like a playground bully. Consumer spending, which powers the U.S. economy, seems unlikely to remain robust, regardless of whatever is revealed by holiday sales data. The holiday season should thus be looked upon as a final celebratory hurrah before America confronts... + full article



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