Major retail behemoths from Walmart, Target, Aldi to Amazon Fresh, have been cutting prices in a bid to entice price-conscious consumers and drive sales. This cost-cutting trend has raised questions about what it means for the overall economy.
Similarly, Telsey Advisory Group Senior Managing Director Joe Feldman told FOX Business that he is still concerned about service inflation, which is “still very high.” “Think about auto insurance, homeowner’s insurance, health care costs,” Feldman said. “Shelter costs are so high…. that’s where I think the pressure is.”
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