Economists have been looking for cracks in U.S. consumer spending for years now amid persistent inflation and higher interest rates, but until recently, Americans have defied the odds at every turn. Despite consistent recession forecasts and dismal consumer sentiment numbers caused by the soaring cost of living, Americans managed to continue spending at record levels until recently. But in…
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Walmart and Target earnings show Americans are struggling with inflation
Business News![](https://i1.wp.com/fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1840680641-e1716405453515.jpg?resize=1200,600&w=1200&resize=1200,0)