Reported 5 months ago
The article discusses the warning signs of a potential economic slowdown, highlighted by Target's drop in comparable sales year over year, indicating a shift in consumer behavior towards frugality and trading down. This change is reflected in reduced spending at restaurants, seen as an early warning sign of a fundamental shift in consumer behavior. The article features insights from David Rosenberg, founder of Rosenberg Research, discussing the impact of these consumer shifts on the economy and Federal Reserve policy decisions.
Source: YAHOO