Contrarian call suggests consumers are in trouble this holiday season - NewsBreak
By Alexdemarco in Business
Updated 2 years ago
It may be evidence inflation is meaningfully stretching budgets. According to economic forecaster Lakshman Achuthan, Wall Street is ignoring a striking consumer spending slowdown that will translate into an underwhelming holiday season. "There's still this narrative that the rebound is there," the Economic Cycle Research Institute co-founder told CNBC's...