Experts say Trump plan would worsen inflation
Washington observers argue Donald Trump’s proposed policies including steep tariffs on imports, mass deportations, and Fed policy influence would lift consumer prices. They cite studies predicting inflation could rise to 6 to 9.3 percent by 2027 if enacted, vs current targets, and note Harris policies unlikely to fuel inflation.
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Retailers foresee slower holiday growth despite higher spend
The National Retail Federation projects holiday purchases totaling 979.5 to 989 billion dollars in November and December, up 2.5 to 3.5 percent from last year. Despite stronger overall spend, 2023 sales rose 3.9 percent versus 2022, with factors including inflation, high interest rates, gas prices easing, and political events shaping cautious consumer behavior.
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Walgreens to Close About 1200 Stores Across U S
Walgreens plans to shut roughly 1,200 locations as rivals struggle to define value for U S shoppers. CVS Health also aims to close about 900 stores while Rite Aid narrows to roughly 1,300 locations amid rate hikes and competition from online retailers.
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