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Norwalk shoppers tighten belts amid high rates and cautious mood
Norwalk Ohio residents led by Tom and Toni Kunkle are cutting back on purchases and moving away from credit as inflation cooling efforts push up interest rates. Local economists warn of a recession risk, with housing and durable goods slowdowns shaping a wary winter for buyers, builders, and lenders. The downtown area shows steady business but with fewer big-ticket purchases and growing remodeling activity as consumers guard finances.
MENTIONED IN THIS ARTICLE
Norwalk
Ohio
Tom
Toni Kunkle
Mrs. Kunkle
Kunkles
Kunkle
Susan Taylor
Sears Roebuck
Taylors
Richard A. Bench
Huron County
Mr. Bench
Mr. Rench
Bench
Carter
Norwalk Furniture Corp
David Maynard
Maynard
Sally Twitchell
Norwalk Furniture
Sally
Simons Television Sales Inc
Main Street
Robert Simons
Robert Pugh
Chrysler
Mr. Pugh
Don Tester
Ford
Tester