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Nightly News
Consumers show signs of cutting back on spending as inflation frustration sets in
Catch up with NBC News Clone on today's hot topic: Consumers Show Signs Of Cutting Back On Spending As Inflation Frustration Sets In 139219013818 - Breaking News | NBC News Clone. Our editorial team reformatted this story for clarity and speed.
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The Federal Reserve is expected to raise interest rates by half a percentage point, aiming to cool off demand and slow inflation. This comes as there are growing signs that people are holding back from making purchases. In a new NBC News/Morning Consult online poll, six in ten shoppers say they’ve decided not to purchase an item because it was too expensive or decided to wait until the price went down.May 3, 2022
