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Consumers tighten spending habits ahead of holiday shopping season

Por: Portland Press Herald World November 18, 2023

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Consumers are in a cautious mood heading into the holiday shopping season, moderating their spending in the face of higher prices and costlier credit, signaling a likely downshift in the engine of the U.S. economy. Major retailers say their customers over the last three months have pulled back from high-ticket purchases, focused on essentials, and held out for deals – a shift that industry executives and observers expect to persist into the... + full article



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