US chain Dollar General warned on Thursday that customers would remain price sensitive throughout the year, hurting demand for its more profitable discretionary items, at a time when sticky inflation continues to pressure household budgets.
Read the full article on Reuters website
NAM Implications:
- US debt at 124% of GDP (34% in 1974)…
- …means pressure on US consumers, especially in terms of spending…
- …even more in the case of discretionary spending on big-ticket items.
- And no breath-holding for improvement any time soon…
