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Consumer Confidence Drops as Inflation Squeezes US Shoppers

  • Mall visits have dropped 14%, Morgan Stanley survey showed
  • People starting to change their spending behavior: FHN’s Low
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How Inflation Hurts and Helps - Explain This

Rising prices in the US are starting to weigh on consumer spending.

Two-thirds of US consumers say they are planning to reduce spending over the next six months as a result of inflation, according to a recent survey of roughly 2,000 people conducted July 15 to 18 by Morgan Stanley. A similar percentage identify inflation as a top concern.