Reported 2 months ago
Recent reports indicate that while consumers are still spending, they are becoming more selective in their choices. Major companies like McDonald's and Starbucks have seen declines in sales, prompting concerns about a potential recession. However, the overall economy remains strong, with significant job growth and wages surpassing inflation. Consumers are shifting toward establishments that offer better value and service, as seen with rising sales at dining locations like Texas Roadhouse. This behavioral change suggests a sector rotation rather than a decrease in consumer spending capacity.
Source: YAHOO