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Inflation Frustration Sets In As Consumers Appear To Cut Back On Spending

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Inflation Frustration Sets In As Consumers Appear To Cut Back On Spending – Latest News Today

The Federal Reserve is expected to raise interest rates by half a percentage point, aiming to cool off demand and slow inflation. This comes as there are growing signs that people are holding back from making purchases. In a new NBC News/Morning Consult online poll, six in ten shoppers say they’ve decided not to purchase an item because it was too expensive or decided to wait until the price went down.

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Robert Dunfee