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Tag: Walmart
Last week, the Consumer Price Index (CPI) and Producer Price Index (PPI) both came in hotter than expected, with shelter costs being the primary contributor to the notable increase in January’s CPI report, accounting for two-thirds of the total increase.
For commentary and a chart explaining how real wage growth has outpaced inflation since the start of 2023, please take a look at the attached Weekly Market Recap. Real wage growth should support consumer spending and the economy.
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Weekly Market Update – 11.20.2023
Last week, the S&P 500 registered a 2.31% gain, marking a three-week upward trend in stocks. Interest rates fell in response to moderate inflation data and decreased consumer spending, signaling a promising yet cautious economic scenario.
In its recent earnings report, Walmart beat expectations and shared insightful observations on inflation and consumer behavior during its earnings call. The company noted deflation in most grocery categories, excluding beef, dry, and canned goods, and ...
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