Reported about 18 hours ago
In the quest for understanding inflation in the wake of new tariffs announced by Trump, Walmart's CFO John David Rainey hinted at significant price increases that consumers could expect soon. Despite recent data showing a relatively low inflation rate of 2.3% and stable inflation expectations, there are emerging signs that major retailers such as Under Armour and Gap have already begun to raise prices considerably. Analysts warn that if these trends continue, inflation could become a substantial risk for consumers and the overall market, necessitating close monitoring.
Source: YAHOO