The one news article in the media said it all; more companies are now cutting their prices despite inflation. Except, no, it isn’t in spite of other price changes, instead in response to them. The economy isn’t inflationary, it is weak and getting weaker. Eye opening new data is alarmingly consistent with the price cuts.
Eurodollar University’s Money & Macro Analysis
CNN Retailers jacked up prices and squeezed consumers. They might have just blinked
https://www.cnn.com/2024/05/05/business/retailers-cutting-prices/index.html
Michaels Lowers Prices on Thousands of Arts, Crafts and DIY Items
https://www.michaelspressroom.com/news/detail/2293/michaels-lowers-prices-on-thousands-of-arts-crafts-and-diy
https://www.eurodollar.university
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