Consumers Pull Back on Spending; Companies Cut Costs
Companies are reportedly facing the reality of limited pricing power as demand weakens and consumers become more price sensitive. This marks a shift from recent years, when companies across various industries enjoyed strong consumer spending and the ability to increase prices, CNBC reported Friday (Dec. 29). FedEx, Target, General Mills and Southwest are among the … Continue reading Consumers Pull Back on Spending; Companies Cut Costs
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